Prior to financial deregulation, the store of value and medium of exchange functions of money were maintained separate among asset classes because the regulatory agencies
A) precluded the payment of interest by checking accounts.
B) allowed the payment of interest by checking accounts.
C) specifically prohibited money market stock funds.
D) allowed the payment of interest on passbook savings accounts.
A
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If players discount the future sufficiently, cooperation in infinitely repeated Prisoners' Dilemma games cannot emerge as a subgame perfect equilibrium.
Answer the following statement true (T) or false (F)
Homer, Bart, and Lisa are the only consumers in the market. Using the information in the above table, what is the market demand for chocolate chip cookies at $4.00 per pound?
A) 21 pounds B) 17 pounds C) 11 pounds D) 4 pounds
Because each oligopolist cares about its own profit rather than the collective profit of all the oligopolists together,
a. they are unable to maintain the same degree of monopoly power enjoyed by a monopolist. b. each firm's profit always ends up being zero. c. society is worse off as a result. d. Both a and c are correct.
What is significant about a point on a graph at which an indifference curve is tangent to a budget constraint?