Excess reserves equal:
A. total deposits minus required reserves.
B. total reserves.
C. total reserves minus required reserves.
D. total deposits.
Answer: C
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U.S. labor productivity slowed during the 1970s because of
i. increasing government taxes and regulations on production. ii. the necessity to cope with energy price increases. iii. inflation, which shortened the horizon over which businesses made their borrowing plans. A) i only B) ii only C) iii only D) Both i and ii E) i, ii, and iii
If a coupon bond has a "face value" of $1000, it means that
A) the original purchaser paid $1000 for it. B) each purchaser must pay $1000 for it. C) it was purchased for at least $1000 and perhaps more. D) the holder will be paid $1000 when the bond matures. E) the holder will be paid $1000 plus accumulated interest when the bond matures.
A student figured out that the HHI for an industry was 15,000. What is the proper conclusion?
A. The market is close to perfectly competitive or monopolistically competitive. B. There is free entry in the market. C. The student made some computational errors. D. The market is monopolistic.
Under what conditions will a purely competitive firm realize an economic profit? Give a response from a marginal revenue and marginal cost perspective and from a total revenue and total cost perspective
What will be an ideal response?