Monopolistically competitive firms achieve allocative efficiency but not productive efficiency
Indicate whether the statement is true or false
FALSE
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American businesses get their external funds primarily from
A) bank loans. B) bonds and commercial paper issues. C) stock issues. D) loans from nonbank financial intermediaries.
Agricultural prices fell during each of these periods EXCEPT
A. 1865-1900. B. 1900-1919. C. 1929-1933. D. There is no exception. Agricultural prices fell in all these time periods.
By the property of "more is better," the consumer views the products under consideration as:
A. bads. B. goods. C. normal. D. inferior goods.
Which of the following is correct?
A. The Fed has very good control over the money supply and bank reserves. B. The Fed has very poor control over the money supply and bank reserves. C. The Fed has very good control over bank reserves but not over the money supply. D. The Fed has very good control over the money supply but not over bank reserves.