According to classical economists,
a. money was a "veil" that determined the nominal values in which such variables as the level of economic activity were measured.
b. money can have a temporary impact on output.
c. it is the nominal interest rates that matters in decisions to save and invest.
d. Both a and b
e. Both a and c
A
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Which of the following macroeconomic variables could not be used as a leading economic indicator?
A) Residential investment B) Employment C) The money supply D) Stock prices
Which of the following is TRUE?
a. To reduce cannibalization among products, reposition a product so that it does not directly compete with the other b. After acquiring a substitute product, lower prices on both the products c. After acquiring a complementary product, raise prices on both the products d. None of the above
The first piece of antitrust legislation in the United States to deal with price discrimination was the
a. Clayton Act b. FTC Act c. Cellar-Kefauver Act d. Robinson-Patman Act e. Sherman Antitrust Act
The official definition of the money supply that includes coins, paper money, travelers’ checks, conventional checking accounts, and other checkable deposits at banks and saving institutions is called ____.
A. M1 B. M2 C. M3 D. L