In the short run, the price level is determined primarily by the supply of goods.
Answer the following statement true (T) or false (F)
False
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The kinked demand curve model explains pricing in monopoly markets
a. True b. False Indicate whether the statement is true or false
If supply is upward-sloping and demand is downward sloping, what happens to the equilibrium real risk-free interest rate and quantity of real loanable funds per time period if there is a decrease in the real saving and a decline in business investment?
a. The real risk-free interest rate falls and the quantity per time period rises. b. The real risk-free interest rate falls and the quantity per time period is uncertain. c. The real risk-free interest rate does not change and the quantity per time period rises. d. The real risk-free interest rate is uncertain and the quantity per time period rises. e. The real risk-free interest rate is uncertain and the quantity per time period falls.
Adverse selection is the process by which
A. full-disclosure becomes impossible. B. adversaries communicate negative messages. C. "undesirable" members of a particular market are less likely to participate in exchange. D. "undesirable" members of a particular market are more likely to participate in exchange.
Natural monopolies are mostly regulated industries because otherwise too many firms would enter the market and price would be driven too low for any firm to offer goods for a profit.
Answer the following statement true (T) or false (F)