There is no evidence that links changes in saving to changes in GDP
Indicate whether the statement is true or false
F
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The original intention of the Fed's role as lender of last resort was to make loans to banks that were
A) not illiquid nor insolvent. B) illiquid, but not insolvent. C) insolvent, but not illiquid. D) both illiquid and insolvent.
When a good ends up undersupplied, we can assume it is a:
A. common resource. B. private good. C. public good. D. transitory good.
People tend to give up watching TV in order to study for an exam when the:
a) Marginal utility of studying exceeds the marginal utility of watching TV. b) Marginal utility of watching TV exceeds the marginal utility of studying. c) Wage rate falls. d) Total utility of studying exceeds the total utility of watching TV.
When a business is calculating its operating costs, it must include _____.
(A) Building rental costs (B) Variable costs (C) Fixed costs (D) Total costs