Assuming all else equal, if a bank expects a bank run in the future:
A) there will be an upward movement along its demand curve for reserves.
B) its demand curve for reserves will shift to the left.
C) there will be a downward movement along its demand curve for reserves.
D) its demand curve for reserves will shift to the right.
D
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If all firms are identical, output demand shifts cannot cause changes in output price in the long run.
Answer the following statement true (T) or false (F)
Sally lost her job when her company went out of business because of a recession. This is an example of
Local government expenditures depend on which taxes?
A. Social Security taxes B. revenues from licenses and permits C. capital gains taxes D. local property, sales, and excise taxes
The demand for a monopoly's output is p = 200 - Q. The monopoly's production function is Q = 2L, and the market wage is $4. How many units of labor will the monopolist employ at its profit maximization level of output?
A) L = 49.5 B) L = 4623 C) L = 198 D) L = 10