In evaluating the degree of economic efficiency in a market, we can state that the size of the deadweight loss in a market will be smaller
A) the greater the difference between marginal cost and average revenue.
B) the smaller the difference between marginal cost and price.
C) the greater the difference between marginal cost and price.
D) the smaller the difference between marginal cost and average total cost.
B
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A bank's commitment to provide a firm with loans up to pre-specified limit at an interest rate that is tied to a market interest rate is called
A) an adjustable gap loan. B) an adjustable portfolio loan. C) loan commitment. D) pre-credit loan line.
The slope of the LM curve will be steeper the __________ is the income-sensitivity of the demand for money and the __________ is the interest-sensitivity of the demand for money
A) less; less B) less; greater C) greater; less D) greater; greater