When a bank's excess reserves are zero:
a. its required reserves exceed its legal reserves.
b. its liabilities exceed its assets.
c. its liabilities must be lower than its assets.
d. its required reserves equal its legal reserves.
e. it cannot meet its reserve requirement.
d
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Refer to the above table. How many workers will this firm hire if the weekly wage rate is $900?
A) 26 B) 27 C) 28 D) 29
Which of the following statement is true?
a. The demand for Cheerios is less elastic than the demand for cereal b. The demand for gas is more elastic in the short-run than in the long-r c. The demand for puma shoes is more elastic than the demand for shoes d. Products with many complements have a more elastic demand
When more resources in an economy are devoted to the production of capital goods: a. the production possibilities curve shifts inward
b. the production possibilities curve in the current period shifts inward, but shifts outward in the future. c. the production possibilities curve shifts outward next in the future. d. the production possibilities curve is unchanged from period to period.
Why does a monopolist's total revenue eventually fall as it produces and sells more output?