In which case is total expenditure in an economy NOT equal to total income?
A. if total saving is larger than total investment
B. if net exports are not zero
C. if inventory investment is negative
D. None of the answers is correct—they are always equal.
Ans: D. None of the answers is correct—they are always equal.
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Which of the following has NOT resulted from more active liability management on the part of banks?
A) increased bank holdings of cash items B) aggressive targeting of goals for asset growth by banks C) increased use of negotiable CDs to raise funds D) an increased proportion of bank assets held in loans
Katz and Krueger found that minimum wage laws had a negligible impact on teenage unemployment in the fast-food industry. Describe the characteristics of labor demand and supply that might produce such a result
What will be an ideal response?
Monopolistic competition, like perfect competition, is a market structure in which firms can easily enter and leave the industry
a. True b. False Indicate whether the statement is true or false
A monopolist produces where P = MC = MR
a. True b. False Indicate whether the statement is true or false