Credit cards are included in M2
a. True
b. False
Indicate whether the statement is true or false
False
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By selling hardcover books to die-hard fans and paperback books to less enthusiastic readers, the publisher is able to price discriminate and raise its profits
a. True b. False Indicate whether the statement is true or false
When the demand curve shifts to the right and supply doesn't change:
A. equilibrium quantity will rise. B. quantity demanded will rise. C. supply will rise. D. equilibrium price will fall.
Refer to the given market-for-money diagrams. If the Federal Reserve increased the stock of money, the
A. D3 curve would shift leftward and the equilibrium interest rate would rise. B. S curve would shift leftward and the equilibrium interest rate would rise. C. S curve would shift rightward and the equilibrium interest rate would fall. D. D3 curve would shift leftward and the equilibrium interest rate would fall.
For a risk-neutral person, the expected utility associated with various levels of wealth
A) is above the person's utility function. B) is below the person's utility function. C) is equal to the person's utility function. D) does not exist.