The countercyclical monetary and fiscal policies that were supposed to produce full employment without inflation don't work in economies characterized by the Phillips curve
Indicate whether the statement is true or false
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The risk of a well-diversified portfolio depends only on the ________ risk of the assets in the portfolio
A) systematic B) nonsystematic C) portfolio D) investment
In order for price discrimination to exist
A) markets must be capable of being separated. B) markets must be interdependent. C) different demand price elasticities must exist in different markets. D) demand price elasticities must be identical in all markets. E) Both A and C
Employing a lawyer to draft and enforce a private contract between parties wishing to solve an externality problem is an example of
a. an opportunity cost. b. an implicit cost. c. a sunk cost. d. a transaction cost.
Lower taxes on businesses will shift the aggregate:
A. demand curve rightward. B. demand curve leftward. C. supply curve rightward. D. supply curve leftward.