Requiring banks to use less leveraging is equivalent to:
A. Expanding the loan portfolio of banks
B. Reducing the banks' reserve ratio
C. Requiring a higher level of bank net worth
D. Requiring banks to accept more deposits
C. Requiring a higher level of bank net worth
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Describe the single supervisory mechanism or SSM proposed by EU leaders in June of 2012
What will be an ideal response?
Suppose that opportunity costs are constant and that Fred can either bake a maximum of six pies or three cakes in a day. Ethel can either produce a maximum of eight pies or two cakes in a day. Fred's opportunity cost to produce one cake is
A) one-half pie. B) two pies. C) six pies. D) four pies.
Which of the following is true of the marginal revenue for a monopolist?
a. As a monopoly increases production, marginal revenue decreases b. As a monopoly increases production, marginal revenue increases. c. As a monopoly increases production, marginal revenue remains constant. d. As a monopoly increases production, marginal revenue first increases and then remains constant.
In the perfectly competitive market, the labor supply curve faced by the individual firm is ________, while that of the market is ________.
A. perfectly inelastic; upward sloping B. perfectly inelastic; perfectly elastic C. perfectly elastic; upward sloping D. perfectly elastic; perfectly inelastic