True or False.  Bank regulation involves maintaining the solvency of banks by avoiding excessive risk.

True or False.  A perfectly competitive firm gain sales by decreasing price.

When comparing GDPs across countries one must divide by geographic size after converting to a common currency.

Money supply M1 does not include the currency held by

True or False.  In the past 20 years, the US has not had a budget surplus.

Which of the following characterizes a perfectly competitive firm?

Which of the following items are included in money supply M2 but not M1?

Suppose a monopoly firm produces a medical device and can sell 15 items per month at a price of $2,000 each. In order to increase sales by one item per month, the monopolist lowers the price of its medical device by $100 to $1,900. The marginal revenue of the 16th item is: (Enter your answer as a numerical value without any dollar sign).

Refer to the table below.  From 1900 through 1950, in what year was the longest expansion?  Enter your answer as an numeric date e.g. 1929. Trough Months of Contraction Peak Months of Expansion December 1, 1900 18 September 1, 1902 21 August 1, 1904 23 May 1, 1907 33 June 1, 1908 13 January 1, 1910 19 January 1, 1912 24 January 1, 1913 12 December 1, 1914 23 August 1, 1918 44 March 1, 1919 7 January 1, 1920 10 July 1, 1921 18 May 1, 1923 22 July 1, 1924 14 October 1, 1926 27 November 1, 1927 23 August 1, 1929 21 March 1, 1933 43 May 1, 1937 50 June 1, 1938 13 February 1, 1945 80 October 1, 1945 8 November 1, 1948 37 October 1, 1949 11 July 1, 1953 45 May 1, 1954 10 August 1, 1957 39 April 1, 1958 8 April 1, 1960 24 February 1, 1961 10 December 1, 1969 106 November 1, 1970 11 November 1, 1973 36 March 1, 1975 16 January 1, 1980 58 July 1, 1980 6 July 1, 1981 12 November 1, 1982 16 July 1, 1990 92 March 1, 2001 8 November 1, 2001 120 December 1, 2007 18 June 1, 2009 73  

True or False. Public policies to assist the unemployed as it relates to the demand side of the labor market affect how eager people are to find work.