In industries in which strong network effects exist, which market structure is likely to emerge?
A. oligopoly
B. monopoly
C. perfect competition
D. monopolistic competition
Answer: A
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If there is excess demand in the loan able fund market?
A. Interest rates are above equilibrium B. Interest rates are below equilibrium C. Can be expected to rise D. A & C E. B & C
Suppose the money supply increases by 10 percent but velocity is not constant. Given this information, it follows that:
A. nominal GDP will increase by 10 percent. B. nominal GDP will increase by more than 10 percent. C. nominal GDP will increase by less than 10 percent. D. the change in nominal GDP cannot be determined.
For interest rates to remain stable during economic expansions, the money supply should _____
Fill in the blank(s) with the appropriate word(s).
All else the same, when real GDP increases, the
A) supply of money decreases. B) demand for money increases. C) supply of money increases. D) demand for money decreases. E) supply of money does not change, and the demand for money does not change.