Refer to Figure 6.1. At which point on the total product curve is the average product of labor the highest?
A) point A.
B) point B.
C) point C.
D) point D.
E) none of the above
B
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Which of the following statements is correct?
A. A single bank can legally lend an amount equal to its total reserves. B. When borrowers repay bank loans, the money supply is increased. C. A bank can only grant loans to customers if it has excess reserves. D. When borrowers take out bank loans, the money supply is decreased.
If you go into a bank which faces a 10% required reserve ratio and borrow $1,000, the bank will ____ your checking account at the bank
a. add $1,000 to b. subtract $1,000 from c. add $5,000 to d. subtract $5,000 from
A usury ceiling will be effective depending on
a. whether the usury rate is above 10 percent. b. whether the usury rate is above 8 percent. c. whether that rate is below what the equilibrium rate of interest would have been in a free market. d. how well organized the lending institutions are.
If spending growth is 6% and inflation is also 6%, this means that:
What will be an ideal response?