[NeedAttention]
Exhibit 30-1
?
A. ABC.
B. Q2BCQ1.
C. Q2BAQ1.
D. Q2EAQ1.
Answer: C
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Suppose a bank has $300,000 in deposits, a reserve ratio of 5 percent, and bank reserves of $45,000. This bank can make new loans in the amount of
A) $345,000. B) $45,000. C) $30,000. D) $15,000.
A marketable permit
A) allows firms to pollute all they want without any cost. B) allows firms to buy and sell the right to pollute at government controlled prices. C) eliminates pollution by setting the price of pollution permits above the marginal cost of polluting. D) allows firms to buy and sell the right to pollute. E) is the Coase theorem solution to pollution.
The table above gives the total revenue and total cost for a perfectly competitive firm producing chocolate chip cookies. If the firm is producing 4 pounds of cookies, to maximize its profit it will
A) increase its output. B) decrease its output. C) continue producing 4 pounds of cookies. D) shut down.
According to the Ricardian equivalence proposition, a government budget deficit created by a temporary tax cut
A) does not affect desired national saving. B) does not affect expected future taxes. C) reduces desired investment spending. D) increases the real interest rate.