The main reason for holding _______ instead of ______ is that _______ is (are) useful for buying things.
a) bonds; money; bonds
b) demand deposits; currency; demand deposits
c) currency; demand deposits; currency
d) money; interest-bearing assets; money
e) interest-bearing assets; money; interest-bearing assets
Answer: d) money; interest-bearing assets; money
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The long-run supply curve of an industry equals the industry’s
A. long-run marginal cost curve. B. the horizontal sum of all firms’ supply curves at any point in time. C. long-run average cost curve. D. long-run total variable cost curve.
When a government mandate sets the rental price of an apartment below the market clearing level, which of the following result?
A) More apartments are rented. B) Landlords attempt to make up for the lower rental income by charging more for security deposits and cleaning fees. C) Landlords discriminate less. D) Landlords address their tenant's requests in a more prompt manner.
Policies to deregulate the labor market in Britain are examples of ________ policy.
A. environmental B. anti-trust C. monetary D. structural
A perpetuity that pays $250 per year at an interest rate of 4% would have a market price equal to
A) $6,250. B) $25,000. C) $2,500. D) $62,500.