Financial intermediaries are:
A. institutions that channel funds from people who have them to people who want them.
B. government officials who bring together buyers and sellers in a market.
C. those who negotiate terms of settlement between borrower and lender when one is in default.
D. those who negotiate terms of settlement between buyer and seller when one is in default.
A. institutions that channel funds from people who have them to people who want them.
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In monopolistic competition, firms can make an economic profit in
A) the short run and in the long run. B) the short run but not in the long run. C) the long run but not in the short run. D) neither the long run nor the short run.
In the negative income tax plan, a guarantee of $5,000 and a tax rate of 50 percent imply a break-even income of which of the following figures?
a. $1,000 b. $2,500 c. $10,000 d. $12,500
What is the natural rate of unemployment, and how does it relate to the concept of potential (or full-employment) GDP?
Price controls are used to ______.
a. alter the natural market equilibrium price b. prevent changes to the natural market equilibrium price c. reduce government influence on the natural market equilibrium price d. eliminate taxes at the natural equilibrium price