The amount of money banks can loan out is determined by the discount rate.
Answer the following statement true (T) or false (F)
False
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If the marginal net utility of beer is negative, the consumer should buy more beer in order to increase the total utility.
Answer the following statement true (T) or false (F)
An open market sale of securities by the Fed
A) decreases banks' reserves and increases banks' securities. B) increases banks' reserves and decreases banks' securities. C) increases banks' total assets. D) involves a bank selling government securities to the Fed.
Labor productivity in the United States has: a. been growing at ever-increasing rates since World War II
b. been growing but at lower rates in the last 25 years compared to the 25 years immediately after World War II. c. been falling for the last 50 years. d. remained largely unchanged over the last 50 years. e. been growing more rapidly in the last 50 years than in most other developed economies.
In the long run, each firm in a competitive industry earns
a. zero accounting profits. b. zero economic profits. c. positive economic profits. d. positive, negative, or zero economic profits.