Because a famous airplane like the Spruce Goose is fixed in supply, its price is
A. inelastic.
B. independently determined.
C. supply determined.
D. demand determined.
Answer: D
Economics
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In the United States there were legal reserve requirements on time and savings deposits during most of the post-World War II period. Therefore, the money multiplier for the M1 definition was
a. smaller when time and saving deposits increased. b. smaller when time and saving deposits were assumed to be fixed. c. larger when time and saving deposits increased. d. smaller when time and saving deposits decreased.
Economics
A mixed strategy may
A) be part of a Nash equilibrium. B) be a set of probabilities of selecting each possible action. C) lead identical firms to choose different actions. D) All of the above.
Economics