A stable regular relation between income and the money stock as the medium of exchange presumes that
A) no interest is paid on the medium of exchange.
B) as interest rates increase the amount of money held increases.
C) as interest rates increase the amount of the medium of exchange held decreases.
D) A and B.
D
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Refer to the above payoff matrix (in years of sentence) for two people (A and B) charged for robbery. Which of the following is the outcome of the dominant strategy without cooperation?
A) Both A and B confess. B) Both A and B do not confess. C) A confesses while B does not confess. D) A does not confess while B confesses.
Use the above table. The MFC of the 4th worker is
A) $5. B) $6.25. C) $25. D) $40.
One determinant of the derived demand for a resource is the
a. price of the product made using the resource b. extra cost of the resource c. marginal resource cost of the resource d. availability of the resource in the marketplace e. quantity of the resource demanded
When a person engages in detailed analysis of a company to determine its value, he or she is engaging in
a. standard deviation analysis. b. informational analysis. c. fundamental analysis. d. efficiency analysis.