Business cycles are recurring periods of economic growth and decline in an economy's real GDP
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is NOT considered a cash item by banks?
A) U.S. Treasury bills B) deposits at other banks C) deposits at the Federal Reserve D) vault cash
Which of the following best describes the entire U. S. refreshment beverage market?
A) monopoly B) oligopoly C) monopolistic competition D) perfect competition
A determinant of the price elasticity of supply that is also a determinant of the price elasticity of demand is:
A. availability of inputs. B. flexibility of the production process. C. adjustment time. D. whether the good is a luxury or a necessity.
Net taxes are
a. the total amount of taxes paid to the government b. total tax revenues of the federal government c. total tax revenues plus transfer payments d. total tax revenues minus transfer payments e. total tax revenues minus taxes paid by firms