?Which of the following statements is true?
A. ?The ATM model of money is a general-equilibrium model.
B. ?The opportunity cost of holding money in the ATM model increases when the nominal interest rate declines.
C. In a general-equilibrium model, most of the key macroeconomic variables are exogenous.
D. ??Normally, results from a general equilibrium model can be applied to a wider range of problems than the results from a partial-equilibrium model.
Answer: D
You might also like to view...
Ali’s company has just grown large enough to implement a code of ethics for the first time. What benefits can Ali expect his company and employees to see from having a code of ethics as it grows?
What will be an ideal response?
Jessica was given a promotion last week by her boss
What will be an ideal response?
For the following constraints, which point is in the feasible region of this minimization problem?
1. 14x + 6y ? 42 2. x - y ? 3 A) x = -1, y = 1 B) x = 0, y = 4 C) x = 2, y = 1 D) x = 5, y = 1 E) x = 2, y = 0
For purposes of diversity of citizenship, a corporation is a citizen only of the state in which its principal place of business is located
Indicate whether the statement is true or false