Which of the following will cause an increase in the amount of money that one wishes to hold?
A) an increase in the interest rate increase
B) a reduction in the interest rate increase
C) a reduction in income
D) none of the above
B
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A bilateral monopoly is a
A) firm that is a monopsony in a resource market and a monopoly in a product market. B) firm that is a monopoly in two product markets. C) market in which a monopoly discriminates, setting a higher price for affluent customers. D) market in which a monopsony bargains with a monopoly.
An increase in imports increases aggregate demand
Indicate whether the statement is true or false
In which of the following cases does the Robinson-Patman act not apply?
a. There are no cost differences to serving different groups b. Discounts are never offered to meet competition c. The industry does not engage in promotional allowances d. All of the above
In response to the sharp decline in stock prices in October 1987, the Federal Reserve
a. increased the money supply and increased interest rates. b. increased the money supply and decreased interest rates. c. decreased the money supply and increased interest rates. d. decreased the money supply and decreased interest rates.