The economic impact of automatic stabilizers during ________ periods is to decrease taxes.
A. growth
B. recessionary
C. expansionary
D. inflationary
Answer: B
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Assume an electric company has spent $3 billion on a nuclear power plant. It's producing at a price per kilowatt hour that is above its average variable cost. However, after 10 years the price remains below average total cost
If there is no expectation that price will equal or rise above the average total cost what would you expect this company to do with its nuclear power plant? Why is the $3 billion not part of the decision? Explain.
In a bank’s balance sheet, its assets include
a. reserves, loans, and bonds. b. checking accounts and savings accounts. c. checking accounts, loans, and U.S. securities. d. reserves, loans, and savings accounts.
Refer to the above graph. It shows a profit-maximizing, purely competitive firm operating in the short run. Which area in the graph represents the amount of economic loss for the firm?
A. abef B. acdf C. bcde D. 0beg
In a system of 100-percent-reserve banking,
a. banks do not make loans. b. currency is the only form of money. c. deposits are banks' only assets. d. All of the above are correct.