Bank depositors will not lose their deposits in a banking panic if:
A. there is 100% reserve banking.
B. there is fractional reserve banking.
C. there is a central bank.
D. the actual reserve/deposit ratio equals the desired reserve/deposit ratio.
Answer: A
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In a recession, which unemployment rate is the highest?
A) the U-1 unemployment rate B) the U-6 unemployment rate C) the U-2 unemployment rate D) the U-3 unemployment rate E) None of the above answers is correct because the highest unemployment rate changes from one recession to the next.
A minority candidate may not have the same chances as a white candidate for a job simply based on an employer's misconceptions about minorities
a. True b. False Indicate whether the statement is true or false
According to the law of supply, what will motivate firms to increase their quantity supplied of a product?
A. Fixed cost B. Price C. Supply D. Production cost
Consider an unregulated monopoly in Figure 8.13. Suppose that a second firm enters the market and both firms in the industry are profitable. After the second firm's entry, the industry is now classified as:
A. a natural monopoly. B. a duopoly. C. a monopolistic competitor. D. a pure competitor.