The classical view of the demand for money incorporated a more complex set of motivations than the Keynesian view
Indicate whether the statement is true or false
F
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The short-run break-even price
A) is the price at which the firm's current liabilities are paid off. B) is the price at which a firm's total revenues equal total costs. C) occurs at the output at which the firm yields a below normal rate of return. D) occurs at the output at which the firm yields a positive economic profit.
What happens to each of the following if the supply of loanable funds shifts left? A. the interest rate B. net capital outflow C. the exchange rate
Suppose that there is a renewed interest in eating caviar at the same time that the supply of Russian caviar shrinks. What would be the most likely effect of these events on the price and quantity of caviar sold?
A. Price fell and the effect on the quantity of caviar sold is ambiguous. B. Price fell and quantity sold rise. C. Price rose and the effect on the quantity of caviar sold is ambiguous. D. Price rose and quantity sold fell.
Persistence is
A. the tendency for declines in economic activity to be followed by further declines, and for growth in economic activity to be followed by more growth. B. the idea that peaks and troughs of the business cycle occur at regular intervals. C. the idea that the standard pattern of contraction-trough-expansion-peak occurs again and again in industrial economies. D. the tendency of many economic variables to move together in a predictable way over the business cycle.