A bank is in the position to make loans when required reserves:
A. Equal actual reserves
B. Equal excess reserves
C. Are less than actual reserves
D. Are greater than actual reserves
C. Are less than actual reserves
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________: a fixed tax (e.g., a license fee) irrespective of the level of output used by regulatory agencies to eliminate or reduce profit of a monopoly
Fill in the blank(s) with correct word
As income declines, induced consumption ________________.
Fill in the blank(s) with the appropriate word(s).
Which of the following macroeconomic variables is the most seasonally procyclical?
A) Expenditure on services B) The unemployment rate C) Expenditure on durable goods D) The real wage
If production technological interdependency exists, the ________ integration of the successive production stages ________ production costs.
A) vertical; increases B) vertical; can reduce C) horizontal; can reduce D) horizontal; doubles