The decisions General Motors makes in determining production levels for its Chevy Volt is an example of a microeconomics topic
Indicate whether the statement is true or false
TRUE
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If the desired reserve ratio is 7 percent and a bank has $10,000 of deposits, then its desired reserves are
A) $7. B) $700. C) $9,300. D) $930. E) $7,000.
The capital and financial account measures ________
A) foreign investment in the United States minus U.S. investment abroad B) capital produced outside of the United States minus capital produced inside the United States C) capital used inside the United States but manufactured outside the United States D) capital used outside the United States but manufactured inside the United States
Demand is unit elastic whenever
a. price elasticity has an absolute value of 1 b. price elasticity has an absolute value greater than 1 c. price elasticity has an absolute value less than 1 d. price elasticity is negative e. consumers always respond to a one-dollar change in price by decreasing their quantity demanded by one unit
The fact that U.S. citizens expect to receive retirement benefits through Social Security and Medicare pushes their:
A. demand for loanable funds further right than it would otherwise be. B. demand for loanable funds further left than it would otherwise be. C. supply of loanable funds further right than it would otherwise be. D. supply of loanable funds further left than it would otherwise be.