An interest-earning account that can be withdrawn at any time without payment of a penalty is a
A) money market deposit account. B) certificate of deposit.
C) savings deposit. D) time deposit.
C
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The money supply will increase by a multiple of the increase in bank reserves created by the central bank unless:
A. banks' desired reserve/deposit ratio is 0.20. B. there is fractional reserve banking. C. there is 100 percent reserve banking. D. the public holds no currency.
The rail system in Metropolis is a natural monopoly. If the government regulates the system by setting the fare equal to marginal cost, which of the following will be true?
a. Profit will be zero under regulation. b. Only normal profit will be earned under regulation. c. Accounting profit will be zero under regulation. d. Economic loss will occur under regulation. e. Profit will be higher than if the monopoly were unregulated.
Full employment occurs only when the unemployment rate is 0%
a. True b. False
If a firm shuts down in the short run, its losses are equal to
a. TC ? TR. b. TFC. c. TVC. d. MC.