Economic variables we are most interested in are
a. real variables, but we usually observe nominal variables.
b. nominal variables, but we usually observe real variables.
c. real variables, which we usually observe.
d. nominal variables, which we usually observe.
a
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Money neutrality implies that changes in the money supply have an impact on
A) the unemployment rate. B) interest rates. C) the price level. D) real GDP.
The development of new financial securities or investment strategies using sophisticated models is known as
A) underwriting. B) factoring. C) financial engineering. D) hedging.
The only types of firms that cannot theoretically practice price discrimination are perfectly competitive firms
a. True b. False Indicate whether the statement is true or false
Which of the following is a necessary condition for price discrimination to be profitable?
a. All consumers must have an identical demand for the product. b. Groups of consumers with different demand elasticities must be easily distinguishable. c. The market demand for the product must be highly elastic. d. It must be possible for buyers to resell the product at a low cost.