After Hurricane Sandy, FEMA (the Federal Emergency Management Agency) advertised in a New Jersey radio station how people affected by the hurricane could file for assistance

Suppose checking deposits increase by $6,000 after all rounds of the money-creation process when the Fed buys $1,200 worth of U.S. government securities. This implies that the maximum value of the required reserve ratio is: a. 5

b. 0.75. c. 0.2. d. 1.2. e. 1.0.

If, at its profit-maximizing output level, the price of the good is less than average variable cost, the firm should shut down immediately

Indicate whether the statement is true or false