Public officials, like voters, often have a lack of incentive to become fully informed about legislative issues.
Answer the following statement true (T) or false (F)
True
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If a monopolist is producing at that output where price equals average variable cost in the short run, then it is earning a negative profit
a. True b. False Indicate whether the statement is true or false
Which of the following is a consequence of deposit insurance?
A) It may induce the officers of a bank to take more risks. B) It encourages banks to make loans only to the most credit-worthy customers. C) It minimizes the risk of defaulting on loans made to the bank's customers. D) It encourages depositors to closely scrutinize a bank's lending activities.
In the Classical model, the level of employment is determined by the level of aggregate supply.
Answer the following statement true (T) or false (F)
If the asset market is to remain in equilibrium, then if the money supply increases, output is unchanged, the price level is unchanged, and the expected inflation rate is unchanged, then
A. the real interest rate must decline. B. the nominal interest rate must rise. C. the real interest rate must rise. D. the inflation rate must rise.