The Fed’s loan that effectively nationalized AIG was approved by Congress.
Answer the following statement true (T) or false (F)
False
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Surpluses will help future generations more than deficits will hurt future generations due to inflation and taxes.
A. True B. False C. Uncertain
Which of the following will cause the marginal cost curve of making cigarettes to shift?
A) a $5 million penalty charged to each cigarette maker B) a $1 per pack tax on cigarettes C) a $1 million advertising campaign by the American Cancer Society D) All of the above.
Firms in perfectly competitive markets who wish to maximize profits should:
A. keep producing more as long as marginal cost is less than marginal revenue. B. produce where marginal cost and marginal revenue are equal. C. produce less as long as marginal cost is greater than marginal revenue. D. All of these are true.
U.S. productivity dramatically slowed down in 1973 until the early _________ (decade).
Fill in the blank(s) with the appropriate word(s).