During recession, banks become increasingly hesitant to make loans
a. because they typically hold zero excess reserves
b. because borrowers are more numerous than in any other phase of the business cycle
c. because they want to create lower consumer spending
d. because they expect the recovery phase that follows will cause inflation
e. and are more willing to hold greater excess reserves
E
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After analyzing his opponent, a tennis player decides to serve 10% of his serves to the left, 50% of his serves to the right, and 40% of his serves at the body of his opponent. This illustrates a
A) deterministic strategy. B) dominant strategy. C) mixed strategy. D) non-game theoretic problem.
Unless two people who are producing two goods have exactly the same opportunity costs, then one person will have a comparative advantage in one good, and the other person will have a comparative advantage in the other good
a. True b. False Indicate whether the statement is true or false
Mary is a bagger at Glen's Market. On a weekly average, she works 30 hours and fills 876 bags of groceries. Her productivity is ___________ bags of groceries per hour.
A. 29.2 B. 26.2 C. 28.6 D. 22.8
A transfer payment is a payment
A) made by the government to its current workers. B) associated with items exported to other nations. C) for in-kind services provided to the government. D) for which no services or goods are rendered.