Keynesians reject the influence of monetary policy on the economy. One argument supporting this Keynesian view is that the:
A. money demand curve is horizontal at any interest rate.
B. aggregate demand curve is nearly flat.
C. investment demand curve is nearly vertical.
D. money demand curve is vertical.
Answer: C
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An airline company
A) cannot price discriminate because it is against the law. B) price discriminates by charging higher prices to business travelers. C) price discriminates by charging lower prices to business travelers. D) price discriminates even though its profits are lower because competition forces it to do so. E) has fewer customers because it price discriminates than it would have if it did not price discriminate.
The principal econometric techniques used in measuring demand relationships are:
a. the standard deviation b. regression c. correlation analysis d. the coefficient of determination e. both b and c