Figure 8-4
In Figure 8-4 at output level 2,
A. MR > MC.
B. the slope of the total profit curve is negative.
C. there are negative profits.
D. marginal revenue is rising compared to output.
Answer: A
Economics
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If the desired reserve ratio increases, then
A) banks' desired reserves increase and their excess reserves decrease. B) bank customers become more willing to make deposits in banks. C) banks are able to make more loans. D) banks can buy more government securities. E) the Fed has supplied banks with more reserves.
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Which of the following are included in the supply of loanable funds?
I. private saving II. government budget surplus III. international borrowing A) I, II and III B) I and III C) II and III D) I and II
Economics