The formula for required reserves is:
A. rD.
B. D/rD.
C. 1/rD.
D. (1/rD ) D.
Answer: A
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If the target exchange rate is 100 yen per dollar and the current exchange rate is 90 yen per dollar, the Fed will
A) sell dollars and the demand for dollars will increase. B) sell dollars and the demand for dollars will decrease. C) buy dollars and the demand for dollars will increase. D) buy dollars and the demand for dollars will decrease.
Which of the following are types of economic markets? I. perfectly competitive II. oligopoly III. monopoly IV. multilateral
A) I and II B) II and III C) I and IV D) I, II and III
According to the kinked demand theory, when one firm raises its price, other firms will:
a. also raise their prices. b. refuse to follow. c. increase their advertising expenditures. d. exit the industry.
Production indifference curves generally have a positive slope
a. True b. False Indicate whether the statement is true or false