A set of actions that a firm takes to achieve a goal is the definition of a
A) business prospectus. B) business strategy.
C) business goal. D) business plan.
B
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To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
When the price level falls, the ________ curve for nominal money ________, and interest rates ________, everything else held constant
A) demand; decreases; fall B) demand; increases; rise C) supply; increases; rise D) supply; decreases; fall
In the mini-case on pay-for-delay
A) incumbents are attempting to delay entry of generic drugs. B) the deals incumbents made with potential entrants may be illegal. C) the deals are only profitable for approximately six months. D) All of the above.
A bank's secondary reserves include its
A. holdings of long-term bonds issued by large corporations. B. passbook saving account balances (a liability to the bank). C. holdings of corporate stock. D. holdings of 6-month Treasury bills.