Minimum efficient scale is defined as the level of output at which the short-run average total cost stops decreasing
Indicate whether the statement is true or false
FALSE
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If the fractional reserve system did not exist,
a. the banking system could not create money b. the money multiplier would be infinite c. banks would loan out every penny of their deposits d. banks would be highly susceptible to bank runs e. the banking system would realize maximum profit
________ is an optimal strategy used in repeated games for getting the other player to cooperate
a. Prisoner's dilemma b. Tit-for-tat c. Coordination game d. One-shot game
Which of the following is not a monetary policy tool of the Fed?
A) changing the required reserve ratio B) changing the discount rate C) setting the price level and the market rate of interest D) conducting open market operations
In a true cluster sample, the individuals are first drawn from the clusters.?
Answer the following statement true (T) or false (F)