A firm that is earning zero economic profit should go out of business.
Answer the following statement true (T) or false (F)
False
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The desired reserve ratio is 10 percent. Fly By Night Bank has deposits of $250,000 and reserves of $25,000. What is the amount of its excess reserves?
What will be an ideal response?
Most doctors are employed by the government and most hospitals are owned by the government in
A) Canada. B) Japan. C) the United Kingdom. D) the United States.
Monetarists believe that in the short run:
a. the natural rate of unemployment cannot be changed. b. expansionary monetary policy is ineffective in raising real GDP. c. a change in the money supply is fully reflected in a change in the interest level. d. contractionary monetary policy will decrease unemployment. e. there is a tradeoff between unemployment and inflation.
The U.S. federal government relies more heavily on sales taxes, excise taxes, and customs duties than nearly any other government in the world
a. True b. False Indicate whether the statement is true or false