What is the best response of Vendor B to Vendor A pricing high?
a. Also price high
b. Price low
c. Leave the market
d. All of the above
b
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Refer to the table above. If the price level is 120, then the aggregate quantity demanded is ________ than the aggregate quantity supplied and the price level ________
A) greater; rises B) greater; falls C) less; rises D) less; falls E) less; might fall, rise or not change depending on whether real GDP is more than, less than, or equal to potential GDP.
Of the following assets, the least liquid is
A) stocks. B) traveler's checks. C) checking deposits. D) a house.
In a monetary system, people will exchange a good for
a. another good. b. a service. c. money. d. gold or other precious metals.
Which one of the following is to be a tool of monetary policy for altering the reserves of commercial banks?
a. Unemployment rate b. Tax rate c. Budget surplus or deficit d. Discount rate