One of the weaknesses in pursuing the objective of profit maximization is that it ignores
A) the timing of cash flows.
B) the time-value of money concept.
C) the riskiness of cash flows.
D) All of the above
D
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According to the idea of laissez faire
A. Markets lead to efficient economic outcomes B. Business should not interfere in markets C. Markets require govt intervention for efficiency D. Markets lead to equilibrium E. As much as possible, govts should not interfere with markets
The Fed has announced that it plans to lower the rate of monetary growth from 10% per year to 2% per year. You would expect this announcement to directly
A) increase money demand, shifting the LM curve up and to the left. B) increase money demand, shifting the LM curve down and to the right. C) decrease money demand, shifting the LM curve up and to the left. D) decrease money demand, shifting the LM curve down and to the right.