Education is an integral part of economic growth.
Answer the following statement true (T) or false (F)
True
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Based on the information in the table, we can conclude that, in 1932, each of the following events occurred except: Currency held by public(in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0
A. Banks were keeping more of their deposits in reserves, and making fewer loans. B. The Federal Reserve injected reserves into the banking system. C. The Federal Reserve conducted open-market sales of U.S. government bonds. D. The public increased the amount of currency it held.
In the long run, firms will enter a perfectly competitive market if the existing firms are making:
A. a profit. B. zero profits. C. negative profits. D. Any of these could be true.
If the demand function for a particular good is Q = 25 ? 10P, then the price elasticity of demand (in absolute value) at a price of $1 is:
A. 8. B. 2/3. C. 2. D. 1/8.
In the former Soviet Union most of the farmland was in the form of _____________________.
Fill in the blank(s) with the appropriate word(s).