The long-run average-total-cost curve connects the lowest cost for each level of output given by the short-run average-total-cost curves

Differences in ________ explain why interest rates on Treasury securities are not all the same

A) risk B) liquidity C) time to maturity D) tax characteristics

Suppose the proportion of deposits that individuals wish to hold as cash were to rise from 5% to 10%. Then,

A) the money supply will rise because people have more cash. B) bank deposits will fall by the same amount as if the reserve-holding ratio had risen by 5 percentage points. C) the supply of high-powered money will rise because cash has risen. D) the money supply will change by the same amount as if the reserve-holding ratio had risen by 5 percentage points.