A ________ is the price at which a trading partner is indifferent between making the trade and not doing so

In the used car market without warranties, adverse selection results in

A) sellers of "lemons" claiming that their car is a lemon. B) only lemons being available for sale. C) the market price of used cars equal to that of good used cars. D) all of the above.

Irving Fisher's view that velocity is fairly constant in the short run transforms the equation of exchange into the

A) Friedman's theory of income determination. B) quantity theory of money. C) Keynesian theory of income determination. D) monetary theory of income determination.