A bank is legally required to hold a fraction of its ________ as ________
A) loans; required reserves B) deposits; required reserves
C) loans; excess reserves D) deposits; excess reserves
B
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An efficient price is a price set at:
A) marginal cost. B) opportunity cost. C) average fixed cost. D) average variable cost.
At a price of $1.20, a local coffee shop is willing to supply 100 cinnamon rolls per day. At a price of $1.40, the coffee shop would be willing to supply 150 cinnamon rolls per day. Using the midpoint method, the price elasticity of supply is about
a. 0.15 b. 0.375 c. 2.5 d. 2.60
If a firm has been proven liable for a false ad, it has to:
A. terminate the false ad. B. compensate more than the damage it has caused. C. recall any product with the false claim on it. D. All of the statements associated with this question are correct.
The real business cycle theory places little emphasis on shocks to technology.
Answer the following statement true (T) or false (F)