If inflation is positive and is perfectly anticipated,
A) those that lend money lose. B) those that hold paper money lose.
C) those that borrow money lose. D) no one in the economy loses.
B
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An increase in the foreign interest rate causes the demand for domestic assets to ________ and the domestic currency to ________, everything else held constant
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
The marginal revenue of a price taker is:
a. equal to price. b. less than price. c. more than price. d. unrelated to price.
When economists study the behavior of buyers, they are studying:
A) supply. B) the role of government. C) demand. D) psychology.
Firms in an oligopoly market can potentially earn economic profits.
a. ?In the short run, but not the long run. b. ?In the long run, but not the short run. c. ?In both the short run and long run d. ?In neither the short run nor the long run