Assets of the commercial banking system include
A. loans and deposits.
B. deposits.
C. reserves and loans.
D. reserves and deposits.
Answer: C
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Keynesians prefer a disinflation policy of
A) cold turkey. B) stabilization. C) gradualism. D) aggregate demand management.
If supply and demand both increase, the new equilibrium price will be ________ and the new equilibrium quantity will be ________.
A. higher; higher B. lower; uncertain C. lower; lower D. uncertain; higher
In long-run equilibrium a purely competitive firm will operate where price is:
A. Greater than MR but equal to MC and minimum ATC B. Greater than MR and MC, but equal to minimum ATC C. Greater than MC and minimum ATC, but equal to MR D. Equal to MR, MC, and minimum ATC
Using equations for public and private saving, show that saving must equal investment in a closed economy. Begin with the expression for total saving in the economy
What will be an ideal response?