In traditional Keynesian economics:
a. the aggregate supply curve is vertical.
b. the aggregate supply curve is horizontal.
c. the aggregate supply curve is upward-sloping.
d. the aggregate demand curve is horizontal.
e. the aggregate demand curve is vertical.
b
Economics
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Interest-rate risk is the riskiness of an asset's returns due to
A) interest-rate changes. B) changes in the coupon rate. C) default of the borrower. D) changes in the asset's maturity.
Economics
If a monopoly is maximizing profits:
a. price will always be greater than average cost. b. price will always equal marginal cost. c. price will always be greater than marginal cost. d. price will always equal marginal revenue.
Economics