The sum of currency and reserves of depository institutions is the ________
A) reserves of the Fed
B) assets of the Fed
C) monetary base
D) vault cash
C
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Does expansionary fiscal policy directly increase the money supply? Isn't it true that the president and Congress fight recessions by spending more money?
What will be an ideal response?
At the short-run break-even point, the firm is
A) earning zero accounting profit. B) losing money. C) earning zero economic profit. D) ready to shutdown.
Suppose Russia can produce either 600 pianos or 400 HDTVs, and Italy can produce either 300 pianos or 150 HDTVs. Implicitly, Russia has
A. Both an absolute and a comparative advantage in HDTVs. B. Neither a comparative nor an absolute advantage in HDTVs. C. An absolute but not necessarily a comparative advantage in HDTVs. D. A comparative but not necessarily an absolute advantage in HDTVs.
Which of the following companies was broken up by the government?
A. American Tobacco B. Office Depot C. Wonder Bread D. Southwest Airlines