When people anticipate a company’s earnings will rise, prospective stockholders are willing to pay ______ for its stock, and current stockholders ______ to sell.
a. less; are eager
b. more; are eager
c. less; are reluctant
d. more; are reluctant
d. more; are reluctant
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The interest rates on outstanding credit card balances are generally high because
A) the default rate on credit card loans is high and there are no assets backing these loans. B) the banks "price gouge" consumers in this market. C) there is little competition in this lending market. D) the administrative costs associated with these loans are low.
Refer to the information provided in Figure 32.2 below to answer the question(s) that follow.
Figure 32.2Refer to Figure 32.2. According to monetarists, an expansionary fiscal policy in the long run and after all the adjustments have been made
A. increases the price level above P1, but does not change equilibrium output. B. increases equilibrium output above Y1 and decreases the price level below P1. C. does not increase equilibrium output or the price level. D. increases equilibrium output above Y1, but does not change the price level.
Price discrimination only occurs when consumers have only partial information about a product's price and availability.
Answer the following statement true (T) or false (F)
Under a gold standard in which France defined 1 franc to be worth 1/50th of an ounce of gold, and the U.S. defined $1 to be worth 1/10th of an ounce of gold, then 1 U.S. dollar would exchange for __________ francs.
Fill in the blank(s) with the appropriate word(s).