Public utilities have tended to be vertically integrated producers of electricity
Indicate whether the statement is true or false
T Public utilities usually generated, transmitted, and distributed electricity.
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The Fed prefers that ________ so that ________
A) banks borrow reserves from each other; banks can monitor each other for credit risk B) banks borrow reserves from each other; the Fed can monitor banks for credit risk C) banks borrow reserves from the Fed; banks can monitor each other for credit risk D) banks borrow reserves from the Fed; the Fed can monitor banks for credit risk
If MFC > MRPL, the firm should
A) hire more workers. B) lower wages. C) get rid of some capital. D) reduce the number of workers.
Which of the following is not an autonomous determinant of consumption expenditures?
a. real wealth b. the interest rate c. tastes and preferences d. current disposable income
Suppose that you are an economist working for the United States government and are asked to defend the level and growth of government spending. What information could you use to your advantage?