The current percentage of Americans over the age of 65 is
A. 18.2%.
B. 19.0%.
C. 13.0%.
D. 10.5%.
C. 13.0%.
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If the actual reserve/deposit ratio equals 15% and the desired reserve/deposit ratio for this bank is 10%, the bank should:
A. stop making loans. B. make more loans in order to earn interest. C. do nothing because this is a profitable situation. D. request that customers withdraw deposits from the bank.
Economists believe that individuals act as if they are motivated: a. primarily by the opinions of their peers
b. primarily by human emotions. c. primarily by self-interest. d. only by concern for the larger community.
An increase in autonomous consumption has the same equilibrium effect as a(n)
a. decrease in investment. b. increase in investment. c. decrease in net exports. d. increase in taxes.
Exhibit 8-6 A firm's cost and MC curves
In Exhibit 8-6, if this firm is currently producing 20 units of output, this firm is
A. earning a profit of $10. B. earning a profit of $.50. C. losing $10. D. losing $0.50.