Under fixed exchange rate, in general which one of the following statements is the MOST accurate?
A) The following condition should hold for domestic money market equilibrium: Ms/P = L(R , Y).
B) The following condition should hold for domestic money market equilibrium: Md/P = L(R , Y).
C) The following condition should hold for domestic money market equilibrium: Ms = L(R , Y).
D) The following condition should hold for domestic money market equilibrium: P = L(R , Y).
E) The following condition should hold for domestic money market equilibrium: R*Md/P = L(Y).
A
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A) a change in the price of complementary products. B) a change in the price of substitute products. C) a change in income. D) a change in the price of inputs.
A major loophole was punched through the McFadden Act as banks
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Which firm provides the better signal when trying to decide which of the firms' stock to buy?
A) Firm A, which uses an independent accounting firm for auditing. B) Firm B, which uses an internal group for auditing. C) Firm C, which has seen its stock go up by $20 per share in the last week. D) Firm D, which hasn't been under SEC investigation for over 5 years.
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