The real rate of return on holding cash ________ inflation is correctly anticipated.
A. is higher when
B. equals the nominal interest rate when
C. is lower when
D. does not depend on whether
Answer: D
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Which of the following is an effect of monopsony?
a. Fewer workers will be hired. b. More workers will be promoted. c. Workers will receive higher wages. d. Workers will be more mobile.
Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: 
Based on the info above, the nonlinear relation can be transformed into the following linear regression model:
A. Y = 1n(aRbScTd) B. 1n Y = 1na + b1nR +c1nS + d1nT C. 1n Y = 1n(aRbScTd) D. 1n Y = 1n a.1n R.1n S.1nT
A firm scaled up its operation by increasing all inputs by 100%. If the firm experienced 150% increase in the output, the firm's long-run average cost exhibits:
A. economies of scale at the current output level. B. diseconomies of scale at the current output level. C. a constant long-run average cost at the current output level. D. diminishing marginal returns at the current output level.