The transmission mechanism is the effect of changes in monetary policy on the stock market
a. True
b. False
Indicate whether the statement is true or false
False
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If a firm in Thailand borrows dollars from a U.S. bank, its interest payments on the loan in bahts will decrease if the baht appreciates against the dollar
Indicate whether the statement is true or false
Which of the following is always a characteristic of the oligopoly market structure?
a. Many sellers, each small in size relative to the overall market. b. Few sellers. c. All sellers produce identical products. d. Easy, low-cost entry and exit.
Natural monopolies often arise in industries where the marginal cost of adding an additional customer is high
a. True b. False Indicate whether the statement is true or false
Sticky wages occur because:
A. unions often negotiate wages for several years in advance. B. wages can only be changed at the end of contracts, as opposed to final good prices which can change anytime. C. employers must wait until the current contract ends to cut someone's pay. D. All of these are true.