Empirical evidence suggests that there are economics of __________ in banking for all bank sizes
A) scale and scope
B) scale but not scope
C) scope but not scale
D) neither scale nor scope
D
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
The table above gives data for the nation of Pearl, a small island in the South Pacific. If aggregate demand increases so that the quantity of real GDP demanded is $6 billion more at each price level, the new equilibrium real GDP is ________, and the nation is now experiencing a(n) ________.
A) $22 billion; inflationary gap B) $22 billion; recessionary gap C) $28 billion; inflationary gap D) $28 billion; recessionary gap E) $25 billion; equilibrium
Refer to Figure 12-9. Identify the firm's short-run supply curve
A) the marginal cost curve B) the marginal cost curve from a and above C) the marginal cost curve from b and above D) the marginal cost curve from d and above
A rules-based monetary policy
A) is advocated by activists. B) is advocated by nonactivists. C) could involve a predetermined steady growth rate in the money supply. D) b and c E) all of the above