The long-run aggregate supply curve is horizontal
Indicate whether the statement is true or false
FALSE
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The most fundamental proposition of modern portfolio theory is that
A) investment risk is reduced by investing in on security. B) the smaller the standard deviation is, the larger is the risk of a portfolio. C) even though an asset is risky in isolation, when combined with other assets the risk of the portfolio is less, perhaps even zero. D) uncertain outcomes make for risky investments.
Consumer surplus increases whenever the price of a good decreases
a. True b. False Indicate whether the statement is true or false
The Chinese government has prohibited anyone in China from dealing with bitcoin exchanges
Indicate whether the statement is true or false
The wage rate is determined by
A. the interaction of supply and demand in the market. B. the substitution and income effects of supply. C. the U.S. government in all circumstances. D. None of the choices are correct.