Does the stock market resemble a perfectly competitive market?
A. Yes, the stock market does resemble a perfectly competitive market.
B. No, because there are not enough buyers and sellers in the stock market.
C. No, because the buyers and sellers in the market lack access to reliable information about prices in the market.
D. No, because the products (stocks) in the market are not standardized well enough.
Answer: A
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An important problem facing the Fed is that
A) the goals for economic growth and price stability may conflict in the short run. B) it lost effective control over the monetary base. C) it has been given responsibility for meeting policy goals, but true control over monetary policy remains with Congress. D) it has been given responsibility for meeting policy goals, but true control over monetary policy remains with the President.
Special interests are most likely to be effective at _____
a. the federal level b. the state level c. and the county level d. at the city level
Inflation is a serious problem because inflation causes real wages to decline
a. True b. False Indicate whether the statement is true or false
Suppose the number of pesos per U.S. dollar is 3 . The aggregate price level in Mexico is 90, and the real exchange rate between the two countries is 2 . The aggregate price level in the United States is _____
a. 60 b. 45 c. 50 d. 55