Monopolies will tend to overproduce goods and charge a higher price than the competitive price.

The distinguishing feature of a well-functioning financial market is the

A) continual increase in the liquidity of most assets. B) continual reduction in the riskiness of most assets. C) increased ease of converting common stocks into bonds. D) incorporation of available information into asset prices.

A drop in velocity means that at any nominal GDP there is a desire to hold a ________ proportion of assets in money form, thus ________ shift in the LM curve

A) larger, a downward B) larger, an upward C) smaller, a downward D) smaller, an upward