In economics, the term for a person who reduces transaction costs by arranging trades for buyers and sellers is
a. an exchange broker.
b. a middleman.
c. a transactions specialist.
d. an opportunity finder.
B
Economics
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An example of the commodity substitution bias in the calculation of the CPI is a price increase in
A) turkey when the price of chicken doesn't rise. B) a GPS unit versus a AAA map book. C) a 2014 Toyota Camry versus a 2005 Honda Civic. D) etexts versus used books bought through Craigslist. E) new homes because people's incomes have increased.
Economics
Keynes's theory of the demand for money implies that velocity is
A) not constant but fluctuates with movements in interest rates. B) not constant but fluctuates with movements in the price level. C) not constant but fluctuates with movements in the time of year. D) a constant.
Economics