In the short run, marginal cost is minimized when
A) MPL is maximized.
B) MPL equals zero.
C) APL is maximized.
D) APL equals zero.
A
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Which of the following statements is true?
A) Firms normally prefer wage cuts over lay-offs. B) Cuts in wages boost worker morale. C) Workers normally resist increases in wages. D) Wage rigidity can cause unemployment.
If a pair-wise majority vote was held, the voters' preferences are shown in the table, and Carlo is setting the agenda for votes, which pair will he put up for vote first?
A. Public zoo and public parks
B. Public transportation and public zoo
C. Public parks and transportation
D. It will not matter, as it will not affect the outcome of the voting.
If the money multiplier is approximated to be 10, it means:
A. banks create 10 dollars in deposits from each original deposit of a dollar. B. banks create approximately 10 times the amount of cash in the economy. C. the economy overall has 10 times the amount of deposits as existing cash. D. All of these are true.
Outstanding U.S. dollar-denominated travelers' checks issued by non-bank institutions are not counted as part of the M1 money supply
a. True b. False Indicate whether the statement is true or false