Risk-averse individuals make risky investments
A) never.
B) when the investment's expected return exceeds the return on a non-risky investment.
C) when the investment's expected return adequately compensates for the risk.
D) only when they are feeling irrational.
C
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Every day, ________ changes to make the quantity of money demanded equal the quantity of money supplied
A) real GDP B) the money supply C) the inflation rate D) the nominal interest rate E) the price level
If hiring the 6th worker increases total product by 7 units and the price of each unit is $2,
a. the firm should not hire the 6th worker as MB
A price increase will always cause a firm's revenue to fall, because they will sell less of the good
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Table 25.4 below to answer the question(s) that follow.Table 25.4
Refer to Table 25.4. If the required reserve ratio were changed to 5% and First Charter Bank continues to hold $1,200,000 in reserves, its excess reserves will be
A. $400,000. B. $600,000. C. $800,000. D. $1,000,000.