In the long run, all factors of production are
A) variable.
B) fixed.
C) materials.
D) rented.
A
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The commercial banking system has excess reserves of $200,000. Then new loans of $800,000 are subsequently made, and the system ends up just meeting its reserve requirements. The required reserve ratio must be
A. 30%. B. 10%. C. 25%. D. 20%.
Of the following sequences of price levels, which CORRECTLY represents a 5 percent inflation rate?
A) 100, 100, 100, 100 B) 100, 105, 105, 105 C) 100, 105, 110, 115 D) 100, 105, 110.25, 115.76
Refer to the Article Summary. When does the Treasury Department borrow? Why would the Treasury have to borrow more than it estimated, as was indicated by its letter to Congress to raise the debt ceiling? When would the Treasury repay what it borrowed
, and who is it repaying?
In the prisoner's dilemma game:
A. there is a dominant strategy for both players. B. there is a dominant strategy for only one player. C. there is no dominant strategy for either player. D. there is a dominant strategy for a player depending on what the other player does.