Refer to the information provided in Table 25.7 below to answer the question(s) that follow.Table 25.7
Refer to Table 25.7. Great Gazoo Bank's excess reserves are
A. $100,000.
B. $200,000.
C. $300,000.
D. $700,000.
Answer: A
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If there is no Ricardo-Barro effect, when the government runs a budget surplus, it
A) contributes to financing investment. B) competes with businesses for private saving. C) shifts the demand for loanable funds curve rightward. D) shifts the supply of loanable funds curve leftward. E) shifts the demand for loanable funds curve leftward.
Diseconomies of scale cause the short-run marginal cost curve to slope upwards
a. True b. False Indicate whether the statement is true or false
A line that is perfectly elastic has an elasticity of demand of zero
a. True b. False Indicate whether the statement is true or false
Economics is a social science that is concerned with:
of productive resources so there is a minimum level of income b. The best use of scarce resources paid for at the highest level of cost to consumers and businesses c. The best use of scarce resources to achieve the maximum satisfaction of economic wants d. Increasing the amount of productive resources so there is maximum output in society