If a bank's net worth is negative, then the bank definitely is
A) liquid.
B) insolvent.
C) illiquid.
D) solvent.
B
Economics
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Refer to Figure 11-2. The average product of labor declines after L2 because
A) the marginal product of labor is below the average product of labor. B) the marginal product of labor is negative. C) the marginal product of labor is falling. D) the marginal product of labor is positive.
Economics
If the money multiplier is 10, the purchase of $1 billion of securities by the Fed on the open market causes a
A) $10 billion decrease in the money supply. B) $1 billion decrease in the money supply. C) $1 billion increase in the money supply. D) $10 billion increase in the money supply.
Economics