For a fixed money supply, a higher level of real balances implies
A. a higher price level.
B. a lower price level.
C. higher velocity of money.
D. lower velocity of money.
Ans: B. a lower price level.
Economics
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An underproduction of goods occurs when there is _____
a. free riding b. government production c. holdout d. eminent domain
Economics
Which of the following is an example of a horizontal merger?
a. the consolidation of marketing, processing and purchasing departments by Armour Meat Company b. the purchase of E.C. Knight Company by American Sugar Refining Company c. the purchase of Colorado silver mines by the Tiffany Jewelry Company d. Federal Steel Company's alliance with American Bridge Company
Economics