During the bank panics of the Great Depression the excess reserve ratio
A) increased sharply.
B) decreased sharply.
C) increased slightly.
D) decreased slightly.
A
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The argument that raising the employment tax leads to more employment is most likely to hold if the
A) labor supply curve has the same slope as labor demand. B) labor supply curve has a steep slope. C) labor demand curve is vertical. D) labor supply curve has a relatively flat slope.
Reducing pollution to zero emissions would be socially efficient
a. True b. False Indicate whether the statement is true or false
Incentive problems in contractual relationships generate
A. costs that decrease value. B. costs that increase value. C. revenues that increase value. D. revenues that decrease value.
Which of the following contributes to the efficiency of markets?
A) Governments play an active role in the day-to-day operations of markets. B) Markets are able to bring about an equitable distribution of goods and services. C) Markets promote equal standards of living. D) Markets promote competition and voluntary exchange.