One aspect of bank accounting is that many liabilities of banks are
a. assets of other persons and businesses in the economy.
b. also liabilities of other persons and businesses in the economy.
c. not matched by liabilities of most other banks.
d. not actually owed to any other person or business in the economy.
a
Economics
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According to the "rational expectations" school of thought in macroeconomics, the short-run Phillips curve is ________ in face of anticipated changes in monetary policy
A) horizontal B) vertical C) negatively sloped D) positively sloped
Economics
If the market price is $40 in a perfectly competitive market, the marginal revenue from selling the fifth unit is
A) $8. B) $20. C) $40. D) $200.
Economics