Other things remaining the same, a decrease in the real return on bonds causes the velocity of money to:
a. Rise.
b. Fall.
c. Not change.
.B
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If each customer is sold a product at a different price, then the firm is practicing
A) perfect price discrimination. B) second-degree price discrimination. C) third-degree price discrimination. D) product differentiation.
The capital-output ratio is measured by dividing
a. the capital stock by labor b. output by the capital stock c. the capital stock by GDP d. the change in labor by GDP e. GDP by labor
Regulation began in the United States in the 1950s
a. True b. False Indicate whether the statement is true or false
If not all prices adjust instantly to changing economic circumstances, an unexpected fall in the price level leaves some firms with higher-than-desired prices, and these higher-than-desired prices depress sales and induce firms to ________ the quantity of goods and services they produce.
a) increase substantially b) increase slightly c) reduce d) make no changes to