In the short run, firms suffering losses should always shut down.
Answer the following statement true (T) or false (F)
False
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A single bank with $10,000 of reserves and a reserve ratio of 25 percent could support total transactions account balances of at most
A. $25,000. B. $5,000. C. $10,000. D. $40,000.
Libertarians believe that in considering economic fairness, one should primarily consider the
a. outcome of the system. b. process by which outcomes arise. c. maximin criterion. d. maximization total social utility.
The change in the quantity of capital from one period to the next is equal to
A) net investment. B) financial investment. C) gross investment. D) wealth. E) depreciation.
Due to a "baby bust" in the 1960s and 1970s, fewer people entered the labor market in the 1980s and 1990s
This demographic event ________ the natural unemployment rate thereby shifting the short-run Phillips curve ________ and shifting the long-run Phillips curve ________. A) increased; leftward; rightward B) decreased; rightward; rightward C) decreased; leftward; leftward D) increased; rightward; rightward E) increased; rightward; leftward