Is the firm in graph in the short run or the long run? How do you know?
The firm is in the short run because it is losing money. In the long run all firms break even.
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Riley deposits $4,000 cash in her checkable deposit at Fershur Bank. If the desired reserve ratio is 5 percent, Fershur Bank's
A) desired reserves increase by $4,000. B) liabilities do not change but its assets increase. C) excess reserves increase by $4,000. D) desired reserves increase by $200 and its excess reserves increase by $3,800. E) assets and its liabilities change in opposite directions.
When good weather speeds the check-clearing process, float tends to ________ causing the Fed to initiate defensive open market ________
A) decrease; sales B) decrease; purchases C) increase; sales D) increase; purchases
If the growth rate of resources is 2 percent and per capita real output is growing at 4 percent, then total factor productivity has fallen by 4 percent
a. True b. False Indicate whether the statement is true or false
Every month, the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the
a. number of people unemployed. b. number of jobs the economy has gained or lost. c. size of the labor force. d. number of people who own their own businesses.