When net exports equal zero, the economy is in macroeconomic equilibrium
Indicate whether the statement is true or false
FALSE
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Changes in the legal reserve requirement
a. are often implemented by the Fed to avoid disruption to both bank and borrowers b. affect total bank reserves c. are actively pursued by the member banks of the Fed d. are used to limit the lending activity of banks e. help to create the certainty that banks prefer to avoid
Consumers are often a primary source of discrimination in labor markets
a. True b. False Indicate whether the statement is true or false
The value of a loan of $100,000 after a year at 5 percent interest is:
A. $105,000. B. $5,000. C. $95,000. D. None of these is true.
Suppose Sarah owns a small company that makes wedding cakes. The accompanying table shows how Sarah's total cost varies depending on the number of wedding cakes she makes each day.Number of Cakes Per DayTotal Cost Per Day0$1001$1802$2203$3004$4005$5206$660 If the market for wedding cakes is perfectly competitive, and wedding cakes sell for $125 each, then Sarah should produce ________ cakes per day.
A. 0 B. 6 C. 3 D. 5