Which of the following is an example of nonprice competition?
a. giving coupons for 10 percent discounts to potential customers
b. having a Memorial Day Sale
c. lowering the price on several selected brands
d. offering a product in three colors-blue, green, and red-in addition to the standard black
e. increasing the price on all products
D
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Which of the following is an example of the effect of a price floor?
A. Scalping of Super Bowl tickets B. Surplus cheese C. The New York city housing shortage D. Black markets E. Milk shortages
Consider debt-equity swaps as an approach to debt reduction. Briefly describe how this works. State two arguments in favor of significant reliance on this strategy and two arguments against
What will be an ideal response?
Research supporting the new Keynesian model finds that prices are ________
A) slow to adjust to aggregate demand shocks B) changed very frequently C) changed only infrequently D) not as flexible as wages
Refer to the table. Suppose that the transactions demand for money is equal to 20 percent of the nominal GDP, the supply of money is $800 billion, and the asset demand for money is that shown in the table. If the nominal GDP is $2000 billion, the equilibrium interest rate is:
A. 4 percent
B. 5 percent
C. 6 percent
D. 7 percent