E-cash cards are considered a major portion of the modern money supply
a. True
b. False
Indicate whether the statement is true or false
False
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Who has a higher bargaining power if the demand for the good being transacted is price-elastic?
What will be an ideal response?
When national output rises, the economy is said to be in
A) an expansion. B) a deflation. C) an inflation. D) a recession.
For a firm in a perfectly competitive market, if it is producing at a level of output where marginal costs are less than marginal revenue it:
A. should cut back production to increase profits. B. should increase production to increase profits. C. is producing a profit-maximizing quantity. D. should invest more in advertising in order to raise revenues.
Excess reserves equal total reserves plus required reserves
a. True b. False Indicate whether the statement is true or false