In the figure above, the economy is at point A when the price level falls to 100. Money wage rates and all other resource prices remain constant. Firms are willing to supply output equal to

An economic forecast will always yield an accurate forecast

Indicate whether the statement is true or false

As a general rule, you would be unwise to keep a deposit at an FDIC-insured bank in an amount greater than

A. 20 percent of the bank’s reserves. B. $1,000,000. C. $250,000. D. an infinite amount; there is no limit.