When a bank loan is repaid, the supply of money:
A. is constant, but its composition will have changed.
B. is decreased.
C. may either increase or decrease.
D. is increased.
Answer: B
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Which of the following actions should be discussed with an attorney before undertaking as the action could be considered legal?
A) an agreement with a competitor firm not to bid on a contract B) an agreement with a competitor firm to set prices C) an exclusive dealings contract with a customer D) an agreement with a competitor firm submit a low bid on a contract
The equation: quantity of output supplied = natural rate of output + a(actual price level - expected price level), where a is a positive number, represents
a. an upward-sloping short-run aggregate supply curve b. a vertical short-run aggregate supply curve c. a downward-sloping aggregate demand curve d. None of the above is correct.
A dominant strategy exists if:
A. both players make the same choice. B. one strategy yields the highest possible payoff. C. both players have the highest payoff when they make the same choice. D. a player has a strategy that yields the highest payoff regardless of the other player's choice.
According to Robert Solow, the production function should be written as
A) Y = F(K, L, A). B) Y = F(K, L). C) Y = F(A, L). D) Y = F(K, A).