A change in monetary policy has a larger effect on aggregate demand the
a. flatter the LM curve.
b. the less elastic money demand.
c. more elastic money demand.
d. steeper the IS curve.
e. the steeper the LM curve.
E
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The general rule for benefit maximization suggests that in personal equilibrium:
A) the ratio of total benefits to price should be identical across all goods. B) the ratio of total benefits to income should be identical across all goods. C) the ratio of marginal benefits to price should be identical across all goods. D) the ratio of marginal benefits to income should be identical across all goods.
The one-year re-pricing GAP is a measure of __________ risk
A) credit B) leverage C) interest rate D) liquidity
A monopolist maximizes profit:
a. by charging the highest possible price on the demand curve. b. by charging a price that equals its marginal cost. c. by producing a level of output where the average-cost curve intersects the demand curve. d. by producing a level of output where marginal revenue equals marginal cost. e. by charging a price equal to its average total cost.
Successive monopolies face the problem of:
a. double marginalization. b. volumetric interdependence. c. opportunism. d. predatory pricing.