The long-run supply curve is upward sloping in an increasing cost industry.
Answer the following statement true (T) or false (F)
True
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Differentiate between a change in quantity demanded and a change in demand
Regulation Q, now no longer operative, set a
a. maximum on the interest rate that banks and savings and loans could pay depositors b. maximum on the interest rate that banks and savings and loans could charge on consumer loans c. maximum amount that banks and savings and loans could loan out of excess reserves d. legal reserve requirement for savings and loans that was 1.5 times the requirement for banks e. value for the potential money multiplier that could not exceed 1
An example of nondiscretionary fiscal policy would be
A. an interest rate cut implemented to stimulate consumption. B. a federal jobs program adopted to stimulate consumption. C. a tax cut adopted to stimulate consumption. D. the existence of the progressive federal income tax.
An example of intangible capital is
A. a flower garden. B. a vacation house. C. a trained apprenticeship program. D. a book.