Which of the following statements is true?
A) If a bank lends a sum of $600 to a firm, the sum is a part of the bank's liability.
B) If a bank lends a sum of $200 to a household, the sum is a part of the bank's liability.
C) If a firm deposits a sum of $500 in a bank, the sum is a part of the bank's assets.
D) If a firm deposits a sum of $500 in a bank, the sum is a part of the bank's liability.
D
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The economy is considered to be at full employment when
A) the frictional unemployment rate is zero. B) the structural unemployment rate is zero. C) the cyclical unemployment rate is zero. D) the unemployment rate is zero.
If a monopolist has an output price of $10, marginal revenue equal to $4, and faces a fixed wage rate of $8, then the monopolist should hire labor until the marginal revenue product is equal to
A) $10. B) $4. C) $8. D) $14.