In the presence of Regulation Q, when interest rates would rise, _____
a. the transaction demand for money in the economy would increase
b. people would invest in the bond markets
c. the economy would grow faster
d. people would withdraw money from banks seeking higher interest rates elsewhere
e. the U.S. dollar would depreciate
d
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Which of the following groups has the lowest malnutrition rate among children less than 5 years of age?
a. middle-income economies b. low-income economies c. high-income economies d. sub-Saharan African economies e. all the world's economies
Some observers assert that oligopolies are less socially desirable than pure monopolies because
A) monopolies are often government-regulated, whereas collusion among oligopolies may lead to similar results as a monopoly yet, having several firms, may give the illusion of competition.
B) monopolies have unique products, whereas product differentiation in oligopolies would lead to economic inefficiencies.
C) mutual interdependence among firms in an oligopoly would lead to more inefficiencies than in the case of a monopoly.
D) oligopolies tend to engage in advertising more so than monopolies.