Which of the following is both a store of value and regularly used as a medium of exchange?
a. cash and stocks
b. cash but not stocks
c. stocks but not cash
d. neither cash nor stocks
b
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If monetary policy makers want to target a negative interest rate, they:
A. need to stop inflation before they do it. B. need to encourage inflation before they do it. C. cannot do so since negative interest rates are impossible. D. need to stop asset inflation before they do it.
Macroeconomic stability has been a high priority for the economic policies of the high-growth Asian economies
Indicate whether the statement is true or false
If as the variable on the Y-axis rises the variable on the X-axis rises, the relationship between X and Y is said to be a positive relationship.
Answer the following statement true (T) or false (F)
In the short run, a firm in monopolistic competition produces where
A) MR = MC and economic profit is equal to zero. B) MR = MC. C) the given market price is equal to MC and economic profit is equal to zero. D) the given market price is equal to MC.