Most business people calculate marginal cost and marginal revenue to decide how much to produce
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Federal Reserve liabilities are equal to
A) gold certificates + other Fed liabilities. B) bank reserves + other Fed liabilities. C) Federal Reserve notes. D) cash + loans + U.S. Treasury deposits.
Economics
While price discrimination is possible between two markets it is not possible in more than two
Indicate whether the statement is true or false
Economics
Which of the following would cause the price level to rise and output to fall in the short run?
a. an increase in the money supply b. a decrease in the money supply c. an adverse supply shock d. a favorable supply shock
Economics
During World War II the United States' economy grew by about ________ percent a year.
A. 5 B. 10 C. 15 D. 20
Economics