The Keynesian demand for real balances can be expressed as
A) Md = f(i,Y).
B) Md/P = f(i).
C) Md/P = f(Y).
D) Md/P = f(i,Y).
D
Economics
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A monopoly can arise when
A) there are diseconomies of scale. B) there are barriers to entry and no close substitutes for the good being produced. C) a firm cannot price discriminate. D) firms engage in rent seeking. E) a firm must set MR equal to MC in order to maximize its profit.
Economics
When price is greater than the market equilibrium price, a shortage is created
Indicate whether the statement is true or false
Economics
A major purchaser of corporate bonds is
A) state and local governments. B) money market mutual funds. C) pension and retirement funds. D) the Federal Reserve.
Economics
What rule(s) should a firm follow in deciding optimum output for profit maximization?
What will be an ideal response?
Economics