Just as greater leverage multiplies a bank's potential profits, it also multiplies a bank's potential losses
a. True
b. False.
A
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When is it not in the best interest of a company to hire additional workers in the short run?
A) when the average product of labor is decreasing B) when the firm is in Stage II of the production process C) when the marginal revenue product equals zero D) when the wage rate is equal to or greater than labor's marginal revenue product
Monetarists would argue that in the short run, increases in the money supply act to raise both investment and consumption, while also increasing the price level
a. True b. False Indicate whether the statement is true or false
Cartels that set prices and allocate sales among their member firms were commonly referred to in the late 19th century as
A. conglomerates. B. trusts. C. monopolies. D. multinationals.
The field of economics that would be most concerned with a recent fall in interest rates is:
A. economic naturalism. B. microeconomics. C. marginal economics. D. macroeconomics.