It is impossible for corporations to avoid trading their own gain against others' lives
Indicate whether the statement is true or false
TRUE
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When the quantity of money demanded is greater than the quantity of money supplied, people ________ bonds and the interest rate ________
A) sell; rises B) sell; falls C) buy; rises D) buy; falls
The sticky-price theory implies that
a. the short-run aggregate-supply curve is upward-sloping. b. an unexpected fall in the price level induces firms to reduce the quantity of goods and services they produce. c. menu costs influence the speed of adjustment of prices. d. All of the above are correct.
An economist argues that the states that have spent the most on higher education in the last 25 years have experienced the least economic growth. One might conclude that higher education:
A. is a nonexcludable service. B. does not have important negative externalities. C. has problems of adverse selection. D. does not have important positive externalities.
In the short run:
A. firms have the ability to enter or exit the industry. B. firms are able to alter some, but not all, of their factors of production. C. firms are unable to adjust their output choices. D. None of these are correct.