In the market for saving, the price is the:
A. relative price.
B. nominal interest rate.
C. inflation rate.
D. real interest rate.
Answer: D
You might also like to view...
For cartels, as the number of firms (members of the cartel) increases,
a. the monopoly outcome becomes more likely. b. the magnitude of the price effect decreases. c. the more concerned each seller is about its own impact on the market price. d. the easier it becomes to observe members violating their agreements.
Why does a downward-sloping Phillips curve imply a positive sacrifice ratio?
All of the following are reasons a government might choose to protect monopoly rights in an industry except:
A. because it is in the public's interest to do so. B. to encourage innovation. C. to increase consumer surplus beyond what is achieved through competition. D. to benefit insiders.
The case for advertising includes the idea that
A. firms spend large sums of money to create meaningless differences among products. B. it adds to society's scarce resources. C. it creates wants that otherwise would not have existed. D. it can promote competition.