An excess supply of money implies an excess
a. supply of corporate stock
b. demand for bonds
c. supply of bonds
d. demand for corporate stock
e. demand for goods and services
B
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The transactions approach to measuring money includes
A) traveler's checks. B) government bonds. C) the value of shares of stock in commercial banks. D) all of these.
Game theory is most useful for determining the outcome when ________
A) the market structure is oligopoly B) monopolistic competition exists C) prison terms are involved D) the market is dominated by a monopoly
The market system is able to allocate resources efficiently because individuals have the right to the output they produce and _____
a. freedom of the press b. freedom of speech c. freedom of movement d. freedom of exchange
The poorest countries in Africa have some of the highest growth rates, thus proving the convergence hypothesis
a. True b. False Indicate whether the statement is true or false