People tend to hold less money as
A. credit availability rises.
B. the average price level falls.
C. incomes fall.
D. All of the choices are correct.
D. All of the choices are correct.
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In the table above, what inflation rate belongs in space B?
A) 17.0 percent B) 6.8 percent C) 8.3 percent D) -4.0 percent
Economic experience since 1973 indicate that, under floating exchange rates, symmetry
A) was not attained. B) was attained almost immediately. C) was attained over time as central banks held more U.S. dollars as a reserve currency. D) has been difficult to measure and no consensus has emerged. E) has been attained in foreign countries, but not domestically.
A firm can better align its salespersons goals to its own if
a. It bases performance evaluation on revenues b. It pays its salespeople a commission based on profits c. It pays its salespeople a commission based on sales d. It pays its salespeople a salary
When market failures occur
A. the invisible hand will correct for the market failures. B. buyers and sellers will correct the market failures. C. the price system will correct the market failures. D. the government can step in to correct the market failures.