What is the role of the Federal Deposit Insurance Corporation?
a. To insure bank deposits
b. To act as a lender of last resort
c. To establish regulations for commercial banks
d. To monitor the actions of commercial banks
e. To insure the assets of commercial banks
A
Economics
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If a firm shuts down in the short run and produces no output, its total cost will be
a. zero b. equal to total variable cost c. equal to total fixed cost d. equal to explicit costs only e. impossible to calculate
Economics
Starting from potential output, if firms become more optimistic about the future and decide to increase their investment in new capital, then this will generate a(n) ________ gap and inflation will ________.
A. expansionary; increase B. expansionary; decrease C. recessionary; decrease D. recessionary; increase
Economics