One aspect of bank accounting is that many liabilities of banks are
A. assets of other persons and businesses in the economy.
B. also liabilities of other persons and businesses in the economy.
C. not matched by liabilities of most other banks.
D. not actually owed to any other person or business in the economy.
Answer: A
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Contractionary policies are government policies that
A) decrease aggregate supply. B) increase aggregate supply. C) increase aggregate demand. D) decrease aggregate demand.
If neither firm has a dominant strategy, a Nash equilibrium cannot exist
Indicate whether the statement is true or false
A change that increases the expected profit from holding a unit of product in inventory, ________ the expected marginal revenue curve and ________ the profit-maximizing quantity to hold in inventory.
A) increases; decreases B) decreases; increases C) increases; increases D) decreases; decreases
Which of the following is true?
A. A secure strategy is the optimal strategy for a player no matter what the opponent does. B. In an infinitely repeated game with a low interest rate, collusion is unlikely because the game unravels so that effective punishment cannot be used during any time period. C. For a finitely repeated game, the game is played enough times to effectively punish cheaters, and therefore collusion is likely. D. None of the answers is correct.