Firms A and B are identical, produce identical products, and are the only firms in a market. Firm A's output is higher than Firm B's. This means that Firm B is the

Which of the following is not correct?

a. The U.S. economy has never experienced deflation. b. Since 1965, the U.S. nominal interest rate has exceeded the U.S. real interest rate. c. Since 1965, the U.S. economy has experienced rising consumer prices in most years. d. During deflation, the real interest rate exceeds the nominal interest rate.

Which of the following are all assets to a commercial bank?

A. Demand deposits, stock shares, and reserves. B. Vault cash, property, and reserves. C. Vault cash, property, and stock shares. D. Vault cash, stock shares, and demand deposits.