_____________ Capital Markets Small homogeneous units (shares) of ownership in assets trade in public exchanges Many buyers and sellers Price quotes available for all to see Characterized by a high degree of liquidity Informationally efficient

Which of the following could result in a recession?

A) a rise in the price of oil B) an increase in investment C) a tax cut D) an increase in the quantity of money E) an increase in government expenditures on goods and services

A firm encountering economies of scale over some range of output will have a:

A. Rising long-run average cost curve B. Falling long-run average cost curve C. Constant long-run average cost curve D. Rising, then falling, then rising long-run average cost curve