The point where the PPF intersects the vertical axis is
What will be an ideal response?
attainable and productive efficient.
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There is a potential for banks to create money when they
A) lend out their excess reserves. B) fail to lend out their excess reserves. C) hold more of their customer deposits as vault cash. D) hold all of their customer deposits as vault cash.
The spread between interest rates on low quality corporate bonds and U.S. government bonds
A) widened significantly during the Great Depression. B) narrowed significantly during the Great Depression. C) narrowed moderately during the Great Depression. D) did not change during the Great Depression.
Refer to Scenario 7.1. The total cost to produce 50 cookies is
A) $20 B) $25 C) $50 D) $60 E) indeterminate
According to Say's Law, supply creates its own demand
a. True b. False