Which of the following observations is true?
a. A market produced with allocative efficiency if a monopoly exists.
b. A market can provide "public goods."
c. A market makes public and personal services inexpensive.
d. A market distributes income equally.
c
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Cash assets of a commercial bank consist of
A) notes and coins in the bank's vault, a deposit account at the Fed and loans to other banks. B) notes and coins in the bank's vault , a deposit account at the Fed and any gold held for the bank at Fort Knox. C) vault cash, a deposit account at the Fed and the bank's stock holdings. D) vault cash, a deposit account at the Fed and the value of its depositors' accounts.
Which of the following statements are correct? In (the)
a. Keynesian model, unemployment is voluntary. b. real business cycle models, all unemployment is voluntary. c. new classical models, there is voluntary unemployment. d. Both b and c e. All of the above