There are significant differences in the general character of cost structures among various types of firms such as fishing, farming, and automobile manufacturing
Indicate whether the statement is true or false
F
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The Fed has recently paid interest on the required and excess reserves that banks hold
Indicate whether the statement is true or false
The primary purpose of the discount window is to
A) influence the nation's money supply. B) fulfill the bank's lender of last resort role. C) control banks' excess reserves. D) influence the amount of loans that banks provide to the public.
Suppose total benefits and total costs are given by B(Y) = 600Y ? 12Y2 and C(Y) = 20Y2. What level of Y will yield the maximum net benefits?
A. 600/64 B. 600/32 C. 300/8 D. 300/64
When the economy is in long-run equilibrium, there will be
A) no unemployment. B) cyclical unemployment only. C) frictional and structural unemployment. D) cyclical and seasonal unemployment.