A market is considered efficient if profit opportunities remain continually available.
Answer the following statement true (T) or false (F)
False
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According to Keynesian theory, the natural forces in the economy may not quickly move the economy toward potential real GDP
a. True b. False Indicate whether the statement is true or false
Which of the following is not performed by the Fed?
a. Holding member bank reserves on deposit b. Making loans to member banks c. Issuing bank notes d. Serving as bankers to other banks e. Holding deposits of households and firms
Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the formAVC = a + bQ + cQ2and obtained the following results. Total fixed cost (TFC) at Straker Industries is $1,000. 
If Straker Industries produces 12 units of output, what is estimated total variable cost (TVC)?
A. $1,348 B. $171.40 C. $463.20 D. $2,348
If the quantity of money demanded is less than the quantity of money supplied, then the:
A. interest rate stays the same. B. interest rate will increase. C. interest rate will decrease. D. effect on the interest rate is indeterminate.