Reserve requirements is the rate the Fed charges when it lends money to banks
Indicate whether the statement is true or false
False
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Which of the following factors caused the Civil War?
(a) Slavery (b) The conflict between the two systems of agriculture (c) A shift in political power resulting from new states entering the Union as free or slave states (d) All of the above
In the above figure, the equilibrium level of planned saving plus net taxes is
A) $1.0 trillion. B) $2.0 trillion. C) $3.0 trillion. D) $4.0 trillion.
John owns a number of hot dog stands in New York City. He hires workers to sell hot dogs at his stands. Which of the following events will lead to a decrease in John's demand for hot dog vendors?
a. Hollywood glamorization of a new movie about a hot dog vendor leads hundreds of high-school students in New York City to apply for a job at John's. b. The price of hot dogs falls. c. The local hot dog vendors form a union increasing hot dog vendor wages. d. The demand curve for hot dogs shifts to the right.
Suppose the figure below illustrates the demand curve facing a monopolist. 
At a price of $8 per unit, the total revenue for this monopolist is ________ per day, and the marginal revenue earned from the last unit sold is ________.
A. $3,200; $8 B. $3,200; $0 C. $3,200; $4 D. $8; $8