Fixing the insolvency problem caused by the Great Recession meant:
a. Rapidly increasing the U.S. money supply.
b. Relieving financial institutions of toxic assets and injecting new equity into them.
c.Changing banking rules so there was more financial competition.
d. Opening long-term financing sources, which would allow banks, companies, and the government to fund long-term needs, such as new branches, plants, and infrastructure (e.g., bridges and dams) needs.
.B
Economics
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For a perfectly competitive firm, in the long-run equilibrium
A) P = MC = ATC = MR. B) MR = MC = AFC. C) MR = P = ATC = AFC. D) P = MC > ATC.
Economics
If a monopolist wants to increase the amount it sells, it
A) will keep the price the same. B) must lower the price on all units. C) must accept lower profits. D) must lower the cost of production.
Economics