All of the following are true regarding false advertising except which one?
A) It can misrepresents the characteristics of a good or service.
B) It can misrepresent the nature of a good or service.
C) It can misrepresents the price of a good or service.
D) It can misrepresents the quality of a good or service.
C) It can misrepresents the price of a good or service.
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A recent development in the RBC literature is the growing admission of the possible importance of
A) nominal variables. B) real demand shocks. C) favorable supply shocks. D) changes in monetary policy. E) technological changes.
Equilibrium, in the short run, is achieved when:
a. differences in rates of return cause investors to purchase and sell currency and thereby change the spot rate of exchange. b. the government recognizes a problem and takes action to correct it. c. traders adjust their expectations to match reality. d. inflation falls to zero.
Marginal physical product is the change in total output associated with one additional unit of input.
Answer the following statement true (T) or false (F)
Which of the following is NOT a type of demand for holding money?
A. transactions demand B. asset demand C. precautionary demand D. qualitative demand