Which of the following would most likely be classified as a natural monopoly?
A) a city water district
B) Microsoft
C) Disneyland
D) Exxon-Mobil
A
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A Federal Reserve repurchase agreement involves
A) an agreement by a bank to repay a discount loan on a specific day. B) an agreement by a dealer to buy back securities she has sold to the Fed. C) an agreement between the Fed and the Treasury for the Fed to purchase a specified amount of Treasury securities. D) an agreement by a commercial bank to make a loan to another bank in the federal funds market.
Keynesian economists argue that the velocity of money is unstable and has unpredictable variations
a. True b. False Indicate whether the statement is true or false
The coefficient that represents the average number of times a dollar is used to buy goods and services is called
a. the demand for money. b. the quantity theory of money. c. the price level. d. the velocity of money.
If the demand curve is a vertical line, it means that:
A. regardless of price, the quantity demanded is a constant amount. B. regardless of quantity, the price is a constant amount. C. the good is inferior. D. the good has many substitutes.