Which of the following would be a liability to a bank?
a. cash in the vault
b. a loan to a new business
c. a checking account of a professor
d. All of the above are correct.
c
Economics
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A recession will occur if an economy's actual GDP ____ its potential GDP
a. rises above b. equals c. falls below d. grows faster than
Economics
Wendell can sell five motor homes per week at a price of $22,000. If he lowers the price of motor homes to $20,000 per week he will sell six motor homes. What is the marginal revenue of the sixth motor home?
A) $10,000 B) $12,000 C) $20,000 D) $22,000
Economics