In a market for homogenous goods:
A. firms sell identical products.
B. firms sell different products.
C. firms sell identical products for identical prices.
D. firms sell different goods for identical prices.
A. firms sell identical products.
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A sales tax on sellers of a good shifts the demand curve leftward because the tax raises the price that consumers must pay
Indicate whether the statement is true or false
A central bank's sale of securities from its portfolio will:
A. decrease the size of its balance sheet. B. only change the composition of its liabilities. C. only change the composition of its assets. D. have no impact at all on the balance sheet.
As the price level falls,
A) the purchasing power of cash holdings rises. B) the purchasing power of cash holdings falls. C) the purchasing power of cash holdings remains constant. D) cash holdings turn into dollar-denominated assets. E) none of the above
Contagion is:
A. the rapid contraction of investment spending that occurs when interest rates are increased by the Federal Reserve. B. the rapid inflation that results from the printing of money. C. the failure of one bank spreading to other banks through depositors withdrawing of funds. D. the phenomenon that if one bank loan defaults it will cause other bank loans to default.