Technologically efficient production plans are also economically efficient.

Answer the following statement true (T) or false (F)

False

Rationale: All production plans on isoquants are technologically efficient -- but only the least cost ones (given input prices) are economically efficient.

Economics

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As part of the "wealth channel of monetary policy," a higher money supply __________ bond prices and thus __________ spending

A) raises; raises consumption B) raises; raises investment C) lowers; lowers consumption D) lowers; lowers investment

Economics

The Federal Reserve views commercial bank use of the discount window as

A) something to be used only by commercial banks. B) completely up to the borrower. C) a privilege, not a right for eligible borrowers. D) something to be used only in financial panics.

Economics