Economic growth is represented by a rightward shift of the long-run aggregate supply curve (LRAS)
a. True
b. False
Indicate whether the statement is true or false
True
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According to this Application, the bias in the CPI would be ________ if new goods are ________ incorporated in CPI calculations
A) smaller; slowly B) smaller; quickly C) negligible; slowly D) greater; immediately
Which of the following would be an asset on a consolidated balance sheet for a commercial bank?
a. Checkable deposits b. Time and savings deposits c. Reserves held on deposit at the Federal Reserve d. Borrowing from the Federal Reserve
Legal reserve requirements
A. are the Fed's most important policy weapon. B. are changed on rare occasions. C. will restrict monetary growth if lowered. D. are raised and lowered by the president.
In Figure 5.6, what profit would the monopolist earn? In the figure below, a monopolist would charge which price? 
A. a loss equal to its total fixed cost. B. zero profit. C. a loss greater than its total fixed cost. D. a positive profit.