Since 1960 U.S. banks have __________ the proportion of their total lending which is done overseas
A) reduced to near zero
B) scaled back
C) held nearly constant
D) increased
D
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Refer to Figure 13-10. to answer the following questions
a. What is the profit-maximizing output level? b. What is the profit-maximizing price? c. At the profit-maximizing output level, how much profit will be realized? d. Does this graph most likely represent the long run or the short run? Why?
Bond prices and interest rates are inversely related
Indicate whether the statement is true or false
The fiscal stimulus bills of 2001, 2008, and 2009 were unusual examples of rapid implementation of fiscal policy
a. True b. False Indicate whether the statement is true or false
Policy makers:
A. dislike inflation because it redistributes income. B. dislike inflation because it allows individuals to maintain illusions. C. like inflation because it allows individuals to maintain illusions. D. like inflation because it makes society richer.