The MC of a firm:
A. crosses TC at its minimum.
B. crosses AVC and ATC at its minimum.
C. crosses MR at the above the profit-maximizing level of output.
D. is a horizontal line indicating that costs are constant in perfect competition.
B. crosses AVC and ATC at its minimum.
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When the Fed buys a U.S. government security:
a. the volume of loans issued by the banking system increases and investment will tend to increase. b. the volume of loans issued by the banking system increases and investment will tend to decrease. c. the volume of loans issued by the banking system decreases and investment will tend to increase. d. the volume of loans issued by the banking system decreases and investment will tend to decrease.
When employment discrimination results from the personal prejudices of employers, economic theory suggests that
a. it is costless for employers to discriminate against groups they do not like. b. the wages of employees who are discriminated against will actually rise. c. an employer who discriminates will experience higher costs. d. discrimination by an employer will reduce production costs since the employer can pay lower wages.
An estimator is unbiased if it produces
A. estimates of a parameter that are close to the true parameter. B. a parameter from the sample that equals the true parameter. C. estimates of a parameter that are on average equal to the true parameter. D. estimates of a parameter that are statistically significant. E. both b and c
Some examples of unconventional monetary policies include massive lending to banks, or even to firms that are nor banks, and open-market purchases of securities other than Treasury bills.
Answer the following statement true (T) or false (F)