The transactions demand for money exists because households
A) do not like the fact that money is a liquid asset.
B) must save for unexpected emergencies.
C) are insensitive to interest rate changes.
D) do not receive their incomes at the same time they wish to make purchases.
D
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Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. The firm's shutdown point is
A) $12. B) $17. C) $8. D) $2.
Refer to Figure 7-1. Suppose the government allows imports of leather footwear into the United States. What will be the quantity of imports?
A) Q0 B) Q1 C) Q2 D) Q2 - Q0
During the Great Recession, securitization:
a. Permitted mortgage originators to shift the negative impact of their underwriting mistakes to investors. b.Was one of the only sources of relief for investors who were suffering heavy losses on their mortgage investments. c. Was one of the main strategies used by the Federal Reserve to cure the economic downturn. d. Was caused by excessive money creation by the Federal Reserve immediately before and during the downturn. e. None of the above.
Is there a specific amount of time that distinguishes the long run from the short run? Is the amount of time important? Explain
What will be an ideal response?