The biggest deterrent to bank panics in the United States is _________.

An example of a flow variable in economics is: a. the total amount of bank loan taken by Emily

b. the value of an apartment owned by Jerome. c. the price of an antique painting used to decorate an office. d. the earnings of Malaya from piano classes each month. e. the total value of the U.S. treasury bonds held by China.

A monopolist should shut down in the short run if

a. price is less than average variable cost b. price is greater than average total cost c. marginal revenue equals marginal cost d. marginal revenue is less than marginal cost e. price exceeds average fixed cost