Tobin's generalized portfolio approach to the demand for money is based on the assumption that
A) money is needed for transactions.
B) all interest-bearing assets are risky.
C) the levels of risk and return vary among assets.
D) variations in wealth have little effect on asset demands.
C
Economics
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If an industry consists of only four firms with equal market shares, then the Herfindahl index
a. is 25 b. is 10,000 c. is 100 d. is 2,500 e. cannot be calculated without additional information
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