Using the quantity equation, the demand for money can be expressed as
A) M=(V x Y)÷P.
B) M =(P x Y)÷V.
C) M = (P x V) ÷ Y.
D) M x V=(1/P)V x Y.
Ans: B) M =(P x Y)÷V.
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All of the following are required to make a tying arrangement vulnerable to antitrust prosecution except which one?
A) There must be at least three products involved. B) There must be proof of an actual tie between two products. C) The seller must have substantial market power in the market for the tying product. D) There must be some nontrivial amount of commerce affected by the tying contract.
If wages or prices of other inputs change, the aggregate supply curve will shift to another position
a. True b. False Indicate whether the statement is true or false
We would expect the interest rate on Bond A to be lower than the interest rate on Bond B if the two bonds have identical characteristics except that
a. the credit risk associated with Bond A is lower than the credit risk associated with Bond B. b. Bond A was issued by the Apple corporation and Bond B was issued by the city of Houston. c. Bond A has a term of 20 years and Bond B has a term of 2 years. d. All of the above are correct.
A demand curve for a normal good
A. is constructed based on the assumption that income is rising. B. shows the inverse relationship between price and quantity demanded. C. slopes upward and to the right. D. is constructed based on the assumption that an inverse relationship exists between price and income.