Deposit insurance creates a moral hazard that depositors have less incentive to monitor their bank.
Answer the following statement true (T) or false (F)
True
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The number of live births per 1000 people in the population per year is the
(a) hidden momentum of population growth. (b) population growth rate. (c) demographic transition. (d) crude birth rate.
The supply curve will be more elastic if
a. the good has few substitutes b. the time the producer has to adjust is long c. the time frame for adjusting to price changes is short d. demand is elastic e. demand is inelastic
Under perfect competition, the lure of profits makes producers try to equate marginal cost and price
a. True b. False Indicate whether the statement is true or false
Cost-push inflation can be shown on an aggregate supply aggregate demand diagram as
A. a leftward shift in the aggregate supply curve with no change in aggregate demand. B. a rightward shift in the aggregate demand curve with no change in aggregate supply. C. a rightward shift of the aggregate supply curve with no change in aggregate demand. D. a leftward shift in the aggregate demand curve with no change in aggregate supply.