If the Fed conducts a contractionary monetary policy, ________
A) the nominal interest rate will decrease B) demand for labor will increase
C) banks will make fewer loans D) bank deposits will increase
C
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Suppose $100 is deposited in a bank account paying 5% compounded annually. If the interest earned is X after 5 years, then the interest earned will be 2X after 10 years
Indicate whether the statement is true or false
Use the above figure. For this monopolistic competitor, which of the following is INCORRECT?
A) The profit-maximizing rate of output is qe, and the profit-maximizing price is P. B) The demand curve shows a direct relationship between price and quantity demanded. C) The profit-maximizing rate of output is at E, where MR intersects MC. D) A downward sloping marginal revenue curve that is below the demand curve.
According to the text, in the century prior to the Revolution, ____________ were a "strategic factor in the overall economic advance of the colonies."
a. advances in technology b. advances in manufacturing c. advances in farm equipment d. advances in shipping
According to a recent five-year survey of U.S. business ownership, the number of black-owned businesses rose
a. 45 percent b. 450 percent c. 90 percent d. 25 percent e. 4.5 percent