Which of the following is TRUE for a single-price monopolist?
A) P > MR
B) P < MR
C) P = MR
D) P = elasticity of demand
A
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Which of the following is true?
A) The loanable funds model is essentially a model that determines the long-term nominal rate of interest. B) The loanable funds model is essentially a model that determines the short-term real rate of interest. C) The money market model is essentially a model that determines the short-term real rate of interest. D) The money market model is essentially a model that determines the short-term nominal rate of interest.
One should expect the forward exchange market to flourish
A) under a fixed exchange rate regime. B) under a flexible exchange rate regime. C) under neither fixed nor flexible exchange rate regimes. D) under both fixed and flexible exchange rate regimes. E) only under a gold standard.
What is the inflation gap? What is the output gap?
What will be an ideal response?
If the government removes a $2 tax on buyers of cigars and imposes the same $2 tax on sellers of cigars, then the price paid by buyers will
a. not change, and the price received by sellers will not change. b. not change, and the price received by sellers will decrease. c. decrease, and the price received by sellers will not change. d. decrease, and the price received by sellers will decrease.