Unlike the situation for a firm in perfect competition, positive economic profit exists for firms in monopolistic competition for both the short run and in the long run.
Answer the following statement true (T) or false (F)
False
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Assume that the commercial banking system has checkable deposits of $10 billion and excess reserves of $1 billion at a time when the reserve requirement is 20%. If the reserve requirement is now raised to 30%, the banking system then has ________.
A. excess reserves of only $.5 billion B. excess reserves of $2 billion C. a deficiency of reserves of $.5 billion D. neither an excess nor a deficiency of reserves
Savings are an example of
A) a depreciation concept. B) a flow concept. C) a stock concept. D) an investment concept.
According to Tobin's q theory, ________ policy can affect ________ spending through its effect on the prices of common stock
A) fiscal; consumption B) fiscal; investment C) monetary; consumption D) monetary; investment
How does the ratio of CEO pay in the U.S. compare with that ratio in Japan?
A. It is much lower. B. It is slightly lower. C. It is slightly higher. D. It is much higher.