U.S. government bonds held by commercial banks are:
a. government assets and commercial bank assets
b. government assets and commercial bank liabilities.
c. government liabilities and commercial bank assets.
d. government liabilities and commercial bank liabilities.
c
Economics
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A monopolistically competitive firm
a. charges a price that is equal to marginal cost. b. experiences a zero profit in the long run. c. produces at the efficient scale in the long run. d. All of the above are correct.
Economics
The founders of utilitarianism include
a. A. C. Pigou and John Maynard Keynes. b. Jeremy Bentham and John Stuart Mill. c. Augustin Cournot and Jean B. Say. d. A. Kondratieff and Thomas Malthus.
Economics