For a perfectly competitive firm, marginal revenue is identical to marginal cost at every quantity
Indicate whether the statement is true or false
F
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Which of the following is a barrier to entry?
A. Close substitutes B. Infrastructure costs C. Diminishing marginal returns D. Buyers' incomes
The relationship between consumption and disposable income is such that as
A. consumption rises, disposable income falls. B. disposable income rises, consumption rises. C. disposable income rises, consumption falls. D. disposable income rises, saving falls.
If the required reserve ratio is 0.25 and the First National Bank holds $10 million in demand deposits and $2.5 million in reserves, how much more money is the bank capable of creating?
a. $0 b. $0.625 million c. $1.875 million d. $2.5 million e. $10 million
Which of the following would suggest that monetary policy is restrictive?
a. falling commodity prices b. depreciation of the foreign exchange value of the dollar c. a rising M1 money supply d. an increase in the rate of inflation