Suppose Frank is completely indifferent between drinking Coke and drinking Pepsi. Then Frank's indifference curves for Coke and Pepsi would be:
A. linear.
B. L-shaped.
C. convex.
D. positively-sloped.
A. linear.
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When the required reserve ratio is 20 percent, the money multiplier is:
a. 0.2. b. 1.2. c. 2. d. 2.5. e. 5.
Sherman Antitrust Act bans price discrimination that substantially lessens competition or injures particular competitors
a. True b. False Indicate whether the statement is true or false
A firm that is a price taker faces a perfectly ______ demand curve.
A. horizontal B. vertical C. inelastic D. convex
Which of the following people would be considered frictionally unemployed?
a. The President of the United States b. An elementary school student c. A lifeguard unemployed during the winter d. A high school graduate entering the labor market for the first time e. A person laid off from his job