How did Operation Twist affect the monetary base?
A) reduced
B) increased
C) no change
D) indeterminate
C
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Lenders generally want borrowers to agree to invest prudently, yet once a loan is made borrowers may use the funds in a highly risky fashion. This leads to the problem of
A) deposit insurance. B) investor selection. C) critical mass. D) moral hazard.
In a persisting demand-pull inflation
A) aggregate demand increases and potential GDP decreases. B) aggregate demand decreases and aggregate supply decreases. C) aggregate supply decreases and aggregate demand increases. D) aggregate supply increases and aggregate demand increases. E) None of the above answers is correct.
Refer to Figure 3.2. If Wilma plays North and Betty plays East, what is Betty's payout?
A) 12 B) 15 C) 16 D) 21
The law of diminishing marginal returns is the same as increasing returns to scale
a. True b. False Indicate whether the statement is true or false