The term loanable funds refers to all income that is not used for consumption or government expenditures
a. True
b. False
Indicate whether the statement is true or false
True
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The monopsonist's marginal labor cost curve always lies below the labor supply curve
Indicate whether the statement is true or false
The production function for a good is a downward-sloping linear curve
a. True b. False Indicate whether the statement is true or false
Since the 1980's, most of the economic growth has come from
A. emerging economies in Africa. B. eastern European countries. C. emerging economies of Asia. D. middle eastern countries.
(Consider This) During and immediately following the severe recession of 2007-2009, commercial bank reserves held on deposit in Federal Reserve Banks:
A. rose to a high of 50 percent of total checkable deposits held by banks. B. fell significantly as commercial banks withdrew reserves to pay off heavy debt obligations. C. increased significantly because of Fed purchases of securities from commercial banks and the paying of interest on bank reserves. D. increased significantly because the Fed increased the required reserve ratio.