The transactions that take place in the financial markets:
A. are always to the seller's advantage.
B. can be very complex.
C. are always to the buyer's advantage.
D. are very simple.
Answer: B
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The amount of funds the borrower receives from the lender with a simple loan is called the
A) principal. B) equity. C) claim. D) collateral.
A competitive firm facing a perfectly elastic demand curve can: a. increase price without losing any sales
b. sell all of its output at any price it chooses. c. sell all of its output at the market price. d. sell more output only by reducing its price.
In the short run, when prices don't have enough time to change, the Federal Reserve:
A. can influence the level of interest rates in the economy. B. cannot influence the level of interest rates in the economy. C. can influence the level of interest rates in the economy but generally will not because it would be destabilizing. D. can only affect the amount of money in the economy.
If a tax cut of $12 billion causes real GDP to increase by $36 billion, then the tax multiplier is
A. 2. B. 3. C. 4. D. 5.