The real business cycle theory is based on all of the assumptions below EXCEPT
A) flexible wages. B) flexible prices. C) pure competition. D) small menu costs.
D
Economics
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In financial markets, actual market prices sometimes diverge from the equilibrium price because
A) supply is often greater than demand. B) demand is often greater than supply. C) supply is equal to demand. D) of geographical and temporal fragmentation.
Economics
In a market system, which component conveys information about what is relatively scarce and what is relatively abundant?
A) the number of producers B) the number of consumers C) prices D) the amount of government regulation
Economics