Which of the following is the most liquid asset?
a. a certificate of deposit
b. a government bond
c. a share of corporate stock
d. a checking account balance
e. fine jewelry
D
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During a deflationary period,
A) the price level rises. B) the nominal interest rate does not change. C) the nominal interest rate is less than the real interest rate. D) the real interest rate is less than the nominal interest rate.
In 2007, at the federal level, transfer payments and interest account for
a. less than 5 percent of spending b. zero percent of spending c. 55.6 percent or somewhat more than half of spending d. approximately 10 percent of spending e. 100 percent of federal spending
If there is a duopoly and the products are identical (homogeneous), the firm selling the product for a lower price:
a. will earn less revenue. b. will get 100% of the sales. c. will have a hard time being profitable. d. will be perceived to have lower quality products.
The demand curve facing a dominant firm in the price leadership model is derived by subtracting the
A. amount supplied by the smaller firms from market demand. B. dominant firm's marginal cost curve from the industry's supply curve. C. amount demanded by customers from the smaller firms from market supply. D. amount supplied by the smaller firms from market supply.