On a bank's balance sheet, the value of its assets must equal:
a. net worth only
b. liabilities only.
c. owner's equity.
d. the value of its liabilities plus net worth.
e. its revenues minus costs.
d
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The most that someone would pay today to receive a certain sum at some point in the future is known as
A) the interest rate. B) present value. C) future value. D) economic profit.
Taxes on labor tend to increase the number of hours that people choose to work
a. True b. False Indicate whether the statement is true or false
The production-possibility curve illustrates the consumption preferences of a country's population, and explains why all people prefer to be employed rather than unemployed.
Answer the following statement true (T) or false (F)
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward