A hyperinflation occurs when
A) inflation persists for more than two years.
B) inflation persists for more than five years.
C) the inflation rate exceeds 50% per year.
D) the inflation rate exceeds 50% per month
D
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According to the graph shown, if Q2 units are being produced, this monopolist:
This graph shows the cost and revenue curves faced by a monopoly.
A. is earning negative economic profits.
B. is earning positive economic profits.
C. is earning zero economic profits.
D. may be earning zero accounting profits.
Which of the following is not held constant when looking at an individual's demand curve?
a. income b. price c. preferences d. the availability of alternative goods
Refer to Figure 17.2. Assume the economy is at point E and is constrained by the PPC shown. This economy
A. Can experience long-run growth by moving to point D. B. Can experience long-run growth by moving to point C. C. Can experience a movement to full employment by moving to point A. D. Cannot experience growth because it is constrained by the PPC.
A bank faces a required reserve ratio of 5 percent. If the bank has $200 million of checkable deposits and $15 million of total reserves, then how large are the bank's excess reserves?
A. $0 B. $5 million C. $10 million D. $15 million