A highly liquid asset
A) generally has a very limited market for its resale.
B) has high transaction costs associated with its sale.
C) must be held for a substantial period of time.
D) can be disposed of easily without loss of value.
D
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If people expect the Fed to adopt a(n) ________ for several years, the long-run real interest rate will remain ________
A) contractionary fiscal policy; high B) expansionary fiscal policy; low C) expansionary monetary policy; low D) contractionary monetary policy; low
An example of a final good would be
A) the coffee beans sold to Starbucks. B) the whipped cream sold to Starbucks. C) the soy milk sold to Starbucks. D) a soy latte sold by Starbucks to a student.
In perfect competition, an economic profit can be earned
a. only in the long run b. only if the firm is efficient c. only in the short run d. never e. always
If the demand curve in graph B shifts to the right, which of the following most likely happened in Graph A?
a. Point B changed to Q2.
b. Q1 changed to Q2.
c. Point B changed to Point A.
d. P2 changed to P1.