Cash in a commercial bank's vault is not part of the money supply
a. True
b. False
A
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In the short-run:
a. All costs are variable b. Some costs are fixed and some costs are variable c. There are no fixed inputs d. The firm is not constrained to vary output
Price discrimination is always illegal
a. True b. False Indicate whether the statement is true or false
Given fixed exchange rates, which measure is most effective in reducing the unemployment rate?
a. Expansionary monetary policy. b. Expansionary fiscal policy and expansionary monetary policy are equally effective. c. Neither expansionary fiscal policy nor expansionary monetary policy is effective. d. Expansionary fiscal policy.
If the Social Security program was privatized,
A. Individuals would essentially make contributions to their own pension fund. B. Income inequalities would definitely decrease. C. The system would be financed on a pay-as-you-go basis. D. Work disincentives for younger workers would definitely increase.