Which of the following is not correct?
a. The slope of a line will be a small positive number for a fairly flat upward-sloping line.
b. The slope of a line will be a large positive number for a steep upward-sloping line.
c. The slope of a line will be a negative number for a downward-sloping line.
d. The slope of a line will be infinite for a horizontal line.
d
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Which conditions must be present for "perfect competition" to occur?
A) A large number of buyers and sellers, and all of them enjoy full and complete information. B) Sellers produce identical products. C) There is a costless mobility of resources. D) Everybody behaves as a price taker. E) All of the above.
Which of the following is true regarding the reserve requirements?
A) The Fed changes them frequently because they are a power monetary policy tool. B) The Fed does not change them much at all because taxation is a more impactful monetary policy tool. C) The Fed changes them frequently because doing so simplifies banking operations. D) The Fed does not change them much at all because doing so would make banking operations