Which of the following is the result of a banking panic?
a. A decrease in the demand deposit multiplier
b. An increase in the money supply
c. An increase in bank reserves
d. A decrease in the money supply
e. An increase in the demand deposit multiplier
D
Economics
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In the long run in a monopolistically competitive industry,
a. economic profit will be positive b. the price will be driven to zero c. the firm will not operate where MR = MC d. economic profit will be zero e. the price will exceed average total cost
Economics
Opportunity cost exists because of
A) poverty. B) scarcity. C) greed. D) self-interest.
Economics