A financial market where economic agents meet in one central location is known as ________
A) an over the counter market
B) an exchange
C) a bond market
D) a money market
B
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Gregory is considering attending a concert with a ticket price of $40. He estimates that the cost of driving to the concert and parking there will add an additional $20
In order to attend the concert, Gregory will have to take time off from his part-time job. He estimates that he will lose 5 hours at work, at a wage of $8 per hour. In terms of dollars, Gregory's opportunity cost of attending the concert equals A) $80. B) $100. C) $20. D) $60. E) $40.
One way to solve the problems caused by information asymmetry is:
A. surfing. B. signaling. C. proofing. D. All of these are solutions to information asymmetry.
A formula for determining how much a bank can extend loans through the creation of check able deposits is
a. excess reserves/the reserve requirement. b. excess reserves ? the reserve requirement. c. excess reserves + the reserve requirement. d. reserve requirement/excess reserves.
If the aggregate demand curve shifts to the right,
A. the economy is in equilibrium. B. people are willing to buy less real output at every price level. C. people are willing to buy more real output at every price level. D. people are willing to buy more real output at a lower price level.