Economist James Tobin developed a formal model that justifies holding ________, and it goes some way in explaining variations in the demand for ________
A) only safe assets or only risky assets, M1
B) only safe assets or only risky assets, M2
C) a mix of safe and risky assets, M1
D) a mix of safe and risky assets, M2
D
Economics
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If two economists disagree on an issue and their disagreement is based on personal value judgments, then this controversy is a normative one
a. True b. False
Economics
A concentration ratio is used to
A) determine whether a market structure is oligopoly. B) determine the price level relative to firms' marginal costs. C) determine the degree of homogeneity in the market. D) determine the absolute size of a market.
Economics