The monetary base is defined as
A. all deposits at the Fed.
B. bank reserves minus vault cash.
C. deposits at the Fed plus vault cash.
D. bank reserves plus currency held by the nonbank public.
Answer: D
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A) raising its price above the agreed level. B) lowering its price below the agreed level. C) selling more than its agreed quota. D) increasing production.
If issues can be ranked along a one-dimensional continuum, a successful political candidate will be an individual who is best able to align her political platform to the positions of the median voter
a. True b. False
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A) increasing returns to scale. B) decreasing returns to scale. C) constant returns to scale. D) no returns to scale.
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Indicate whether the statement is true or false