Which of the following characteristics of property rights is key for the Coase Theorem to work?
A. High transaction costs
B. Zero transaction costs
C. Clear transaction costs
D. Low transaction costs
Answer: D
Economics
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Which of the following is NOT an asset of a bank?
A) Cash equivalents of the bank B) Stockholders' equity C) Long-term investments made by the bank D) Official bank reserves
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What is the effect of the multiplier when aggregate demand increases and there is a large increase in the price level? What happens when there only is a small increase in the price level?
What will be an ideal response?
Economics