Financial markets are:
A. a powerful tool for the efficient allocation of scarce resources.
B. in many ways the purest expression of the market mechanism.
C. a global marketplace where sophisticated investors make billion-dollar decisions.
D. All of these statements are true.
Answer: D
Economics
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When the goods market is returning to equilibrium following a decrease in the real interest rate, ________
A) saving and output are both rising B) saving and output are both declining C) saving is rising, while output declines D) all of the above E) none of the above
Economics
In long-run equilibrium, a perfectly competitive firm will produce an output level at which its long-run average cost curve is upward sloping
a. True b. False Indicate whether the statement is true or false
Economics