If the interest rate on a security consists only of the riskless rate, then
A) there is no uncertainty.
B) velocity is constant.
C) the money supply is fixed.
D) the price level is fixed.
A
Economics
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In 2003, the top 20 percent, or wealthiest fifth, of U.S. households earned _____.
(A) About the same as the bottom four fifths combined. (B) Less than the bottom four fifths combined. (C) More than the bottom four fifths combined. (D) Less than the bottom three fifths combined.
Economics
The perfectly competitive firm's supply curve:
A) coincides with its perfectly elastic demand curve. B) is perfectly inelastic at the market price. C) is the firm's marginal cost curve above the minimum point on the AVC curve. D) is the firm's average total cost curve above the shutdown point.
Economics