Overall, government intervention in the financial system ________
A) is both essential and imperfect
B) prevents adequate market solutions to market problems
C) is continually improving and expanding
D) is incompatible with an efficient allocation of resources
A
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Between 1922 and 1929 stock prices increased by more than
a. 100%. b. 200%. c. 300%. d. 1000%.
Even though the use of checks lower transaction costs when compared to the use of paper currency, it is unlikely that the use of paper or metallic currency will disappear entirely. Why?
If a binding price ceiling is imposed on the baby formula market, then
a. the quantity of baby formula demanded will increase. b. the quantity of baby formula supplied will decrease. c. a shortage of baby formula will develop. d. All of the above are correct.
All other things unchanged, the velocity of money will
A) increase if the quantity of money demanded decreases. B) increase if the quantity of money demanded increases. C) decrease if the quantity of money demanded decreases. D) fall to zero if the quantity of money demanded increases.