If there is an improvement in technology that affects only Aggregate Supply and a nation's wealth falls due to sagging stock market, then:
a. Aggregate demand rises, but aggregate supply does not change.
b. Aggregate demand falls, and aggregate supply rises.
c. Aggregate demand and aggregate supply rise.
d. Neither aggregate demand nor aggregate supply change.
e. Aggregate demand rises, and aggregate supply falls.
.B
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An illiquid asset is one that is _______ but _______.
A. worth a lot in the future; can be sold today at its expected future price B. worth a lot in the future; can only be sold today at a low price C. worth a lot right now; not worth that much in the future, when it can be sold. D. worth a lot right now; cannot be sold until the future, when its value will be higher
If a market is shared equally by four firms, the Herfindahl-Hirschman Index is
A) 1/4. B) 4. C) 25. D) 2,500.