All else constant, an increase in the demand for bonds
A) increases the equilibrium quantity and the equilibrium price of bonds.
B) increases the equilibrium quantity and decreases the equilibrium price of bonds.
C) decreases the equilibrium quantity and increases the equilibrium price of bonds.
D) decreases the equilibrium quantity and the equilibrium price of bonds.
Ans: A) increases the equilibrium quantity and the equilibrium price of bonds.
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Demand deposits are termed so because:
A) depositors can withdraw money from such deposits at any point of time. B) there are no limitations on the amount of money that can be deposited into such accounts. C) depositors can demand any rate of interest on such deposits. D) most consumers want to open such accounts as they are greatly in demand.
When a group of firms acts in unison to maximize profits as if they were a monopoly, they form a __________
Fill in the blank(s) with correct word
Refer to Figure 23.2 for a perfectly competitive firm. If this firm produces the level of output corresponding to point C in the short run, it will earn
A. A loss. B. A profit, although not the maximum profit possible. C. The maximum profit possible. D. Zero profit.
Advertisement in which firms aim messages to as many customers as possible via media is known as
A) direct marketing. B) mass marketing. C) indirect marketing. D) interactive marketing.