Lowering taxes is a contractionary Keynesian policy.
Answer the following statement true (T) or false (F)
False
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We know that a perfectly competitive firm is a price taker because
A) its MC curve slopes upward. B) its ATC curve is U-shaped. C) its demand curve is horizontal. D) MC and ATC are equal at the profit-maximizing amount of output. E) it has no supply curve.
When a firm is experiencing economies of scale, the minimum point of the firm's short-run average total cost curve shifts down as it expands its scale of production
Indicate whether the statement is true or false
Since the enactment of the Depository Institutions Deregulation and Monetary Control Act of 1980, the legal reserve requirements set by the Fed apply to all banks, savings and loan associations, and credit unions
Indicate whether the statement is true or false
Global climate change will not
A. affect the migration patterns of animals. B. affect the amount of expected water in lakes, rivers, and streams. C. make it harder to grow crops. D. harm those living in coastal areas.