When the money market is drawn with the value of money on the vertical axis, if the money supply rises
a. the price level and the value of money rise.
b. the price level rises and the value of money falls.
c. the price level falls and the value of money rises.
d. the price level and the value of money fall.
b
Economics
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Vertical integration often aims to
a. Prevent the retailers from defeating upstream price discrimination through arbitrage b. Reward the retailer for undertaking the risk inherent in introducing a new product c. Avoid paying higher taxes d. All of the above
Economics
If price exceeds average costs under pure competition, ____ firms will enter the industry, supply will ____, and price will be driven ____
a. more; decrease; down b. more; decrease; up c. more; increase; down d. more; increase; up e. none of the above
Economics