In the above figure, an unattainable point is
A) a.
B) e.
C) g.
D) f.
C
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If a bank's net worth is negative, then the bank definitely is
A) liquid. B) insolvent. C) illiquid. D) solvent.
Conflicts can arise between divisions because
a. Coordination between divisions does not benefit all divisions equally b. managers of profit centers care too little about the effects of their decisions on other divisions c. managers are rewarded only for actions that increase their own divisional profit regardless of their effects on other divisions d. all of the above
A long-run ATC curve shows:
A. the minimum average total cost possible for every possible size firm across an industry. B. which size firm can capture the lowest costs per unit for an industry. C. what size firms can capture economies of scale by expanding. D. All of these are true.
Explain why monetary policy is needed specifically with regard to the existence of excess reserves. Compare and contrast the effectiveness of monetary policy during the Great Depression and the Great Recession?