What is a perfectly contestable market?
What will be an ideal response?
A perfectly contestable market is a market in which entry and exit are costless.
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What is property income?
What will be an ideal response?
Differences in the taxation of returns
A) only affect the yields of illiquid credit market instruments. B) have a negligible effect on the yields of credit market instruments. C) only affect the yields of high-information cost credit market instruments. D) create differences in yields among credit market instruments.
Ongoing inflation means the Fed must respond to
a. an upward-shifting AS curve b. a downward-shifting AS curve c. changing interest rate targets d. a depression e. a lower real interest rate
Fiscal policy involves changes in government spending and taxes, but not regulation of prices or production.
Answer the following statement true (T) or false (F)