When setting prices, the monopolist may choose to charge alternative customers different prices based on:
a. geographical location.
b. age
c. income.
d. all of the above
d
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Which of the following shifts the supply of loanable funds curve?
A) change in investment demand B) change in "animal spirits" C) change in the real interest rate D) change in disposable income E) change in expected profit
Which of the following is a New Keynesian explanation of wage and price stickiness must be discounted?
A) overlapping wage contracts B) menu costs C) efficiency wages D) all of the above
If two commodities are substitutes, then
a. they tend to be used together by consumers b. their prices are generally regulated by the government c. an increase in the price of one of them increases the supply of the other d. the cross-price elasticity of demand is positive e. the cross-price elasticity of demand is negative
If a currency decreases in value in response to market forces, this process is known as
a. devaluation. b. depreciation. c. deflation. d. degeneration.