If a bank's deposits at the Federal Reserve equal $40 million and its total reserves equal $35 million, what does the bank's vault cash equal?
A) $5 million
B) $75 million
C) $37.5 million
D) $30 million
A
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In 1979, the price of gasoline was $1.389 per gallon and the CPI was 72.6. In 2003, the price of gasoline was $1.589 per gallon and the CPI was 182.9. Find the real price of gasoline in 1979 and 2003 in terms of base period dollars
What will be an ideal response?
An example of a macroeconomic model is one that considers
a. how the price of chicken influences the quantity of chicken bought. b. why the size of the total national output depends on the size of total spending. c. how the output of a product is influenced by the cost of production for the product. d. All of these.
As new monopolistically competitive firms enter the market, the demand facing each firm __________, causing the price charged by each firm to __________. In the long run, each firm will earn a __________ profit
a. falls; rise; positive b. rises; fall; positive c. falls; rise; normal d. rises; fall; normal e. falls; fall; normal
A local playground equipment company plans to operate out of its current factory, which is estimated to last 30 years. All cost decisions it makes during the 30-year period
a. are long-run decisions. b. are short-run decisions. c. involve only maintenance of the factory. d. are zero because the cost decisions were made at the beginning of the business.