The rate of unemployment will be higher (for a given level of labour market coordination)
a) if firms have less monopoly power
b) if workers have less monopoly power
c) if firms have monopoly power but workers have none
d) if both firms and workers have monopoly power
e) if there is no monopoly power
d) if both firms and workers have monopoly power
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The combination of producer and consumer surplus shows the:
a. maximum price that buyers are willing to pay for a good b. minimum price buyers are willing to pay for a good c. maximum price that sellers can charge. d. minimum price below which sellers will not sell. e. gains from voluntary exchange.
Milton Friedman's theory of the demand for money
A) is similar to Tobin's portfolio approach to the demand for money. B) includes permanent income as one of the significant variables. C) includes the yields on competing nonmonetary assets. D) All of the above.
The potential rewards that are available to an individual if a particular activity is undertaken are known as
A) greed. B) irrational thought processes. C) incentives. D) intrinsic values.
Which of the following is the most liquid asset?
A. short-term treasury bonds B. currency C. shares of stock D. small denomination time deposits