Small-denominated time deposits, by definition:
A. mature in one month or less.
B. mature in one year or less.
C. are less than $100,000.
D. are held by state and local banks only.
C. are less than $100,000.
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"The United States has fallen behind Japan and most of Europe in terms of competitiveness." Do you agree or disagree? Why?
What will be an ideal response?
Assume the following cost information about Fred's widget company: Its fixed cost is $27, and its total variable cost is $18 for 1 unit; $33 for 2; $45 for 3; $60 for 4; and $78 for 5 . Given this information: a. the marginal cost of providing the second unit is $15. b. the total cost of producing 4 units is $87
c. the average total cost of producing five units is $21. d. all of the above are true.
A barter economy is one in which:
A. money serves as a medium of exchange. B. only precious metals are accepted as money. C. goods are traded directly for other goods. D. paper money is backed by gold.
Given a downward-sloping aggregate demand curve, if short-run aggregate supply increases, real GDP must increase and nominal GDP must fall.
a. true b. false