Any point on or outside the PPF is attainable
a. True
b. False
Indicate whether the statement is true or false
False
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If banks choose to hold excess reserves
A. Lending decreases, and the money supply decreases. B. Lending increases, and the money supply increases. C. Lending decreases, and the money supply increases. D. None of these.
Which statement is TRUE? Fixed costs
A) do NOT exist in the long run. B) depend on the firm's level of output. C) are zero if the firm is producing nothing. D) are the difference between total costs and average variable costs.
The total fertility rate necessary to keep the population constant is approximately equal to:
A. 1.0. B. 1.5. C. 2.1. D. 3.0.
The largest increase in the labor-force participation rate since 1970 is among
A. prime-age women. B. prime-age men. C. males in their 20s. D. teenagers over the age of 16.