Kansas City, Minneapolis, St. Louis, and Atlanta are all locations of ______ banks.
Fill in the blank(s) with the appropriate word(s).
Federal Reserve District
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During the boom years of the 1920s, bank failures were quite
A) uncommon, averaging less than 30 per year. B) uncommon, averaging less than 100 per year. C) common, averaging about 600 per year. D) common, averaging about 1000 per year.
If the marginal utility to Juan of sleeping an extra hour (from 8 a.m. to 9 a.m.) is negative,
a. Juan is better off getting up at 8 a.m. b. Juan is better off getting up at 9 a.m. c. Juan's total utility from sleeping must be negative. d. Juan's average utility from every hour he sleeps must be negative.
Answer the following statement(s) true (T) or false (F)
1. Marginal willingness to pay rises as more is consumed. 2. More consumers create a smoother market demand curve. 3. Marginal benefits are benefits consumers receive from consuming as much of a product as possible. 4. A rise in price increases consumer surplus. 5. Producer surplus measures the net gains in economic well-being received by sellers.
Cyclical unemployment is caused by fluctuations in economic activity.
Answer the following statement true (T) or false (F)