An insolvent bank is one that owes more money to its depositors than it has in cash, loans, and other assets
Indicate whether the statement is true or false
TRUE
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The expression "There's no such thing as a free lunch" means that
a. services may be free, but goods are never free b. even if it has a price of zero, a good or service has a cost c. charitable organizations should not serve free lunches to the poor d. poor people are really the ones who pay for their allegedly free lunches e. someone has to pay the market price for a good or service
If the aggregate demand curve shifts in the short run moving the economy out of long-run equilibrium:
A. the short-run aggregate supply curve will shift to bring it back into long-run equilibrium. B. the aggregate demand curve will eventually shift back once expectations are taken into account. C. inflation will always occur. D. we will move along the short-run aggregate supply curve back to equilibrium.
Since the costs of negative by-products are not deducted,
Which of the following models emphasizes the importance of credible, predictable government policies for maintaining full employment with low inflation?
A. the monetarist model B. the Keynesian model C. the supply-side model D. the rational expectations model