Borrowing VCU3 from an online company cause the nation's:
a. Monetary base to fall.
b. M2 money supply to rise.
c. M2 money multiplier to fall.
d. Monetary base to remain the same.
.D
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According to real business cycle models
A) the economy is normally operating below the natural rate of unemployment. B) unexpected changes in monetary policy are the major source of fluctuations in real GDP. C) the economy is normally at potential GDP. D) the long-run Phillips curve is negatively sloped.
The overall regression F-statistic tests the null hypothesis that
A) all slope coefficients are zero. B) all slope coefficients and the intercept are zero. C) the intercept in the regression and at least one, but not all, of the slope coefficients is zero. D) the slope coefficient of the variable of interest is zero, but that the other slope coefficients are not.
When the number of substitutes increase, the demand curve for a monopolist will
A) not change. B) become more elastic. C) become more inelastic. D) become steeper.
Which of the following pricing strategies does NOT usually enhance the profits of firms with market power?
A. Commodity bundling B. Price discrimination C. Marginal cost pricing D. Block pricing