The financial deregulation and financial innovations of the 1970s and 1980s
A) stabilized money demand.
B) stabilized velocity.
C) destabilized velocity.
D) A and C.
C
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Patents allow manufacturers to block the entry of new firms into an industry through
a. infringement suits b. economies of scale c. limit pricing d. price discrimination e. a government franchise
When labor inputs are finely divisible, the average product of labor curve is ______ sloping at L if the marginal product is ______ the average product.
A. downward; above B. upward; above C. upward; below D. vertical; equal to
Among male workers over age 25, about what percent has a college degree? What is this percentage for black male workers over age 25?
When the price of a textbook is $100, 60 copies are demanded; and when the price of that textbook goes up to $120, 30 copies are demanded. In the price range between $100 and $120, the demand for the textbook is
A. elastic. B. perfectly elastic. C. inelastic. D. unit elastic.