Of the 1790 colonist population, over 80 percent was of European origin while about 20 percent was of African origin
Indicate whether the statement is true or false
True
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If the actual reserve/deposit ratio equals 15% and the desired reserve/deposit ratio for this bank is 10%, the bank should:
A. stop making loans. B. make more loans in order to earn interest. C. do nothing because this is a profitable situation. D. request that customers withdraw deposits from the bank.
When the Fed uses contractionary policy
A) it does not change the price level. B) the price level rises less than it would if the Fed did not pursue policy. C) it causes inflation. D) the price level rises higher than it would if the Fed did not pursue policy.
Double taxation is a problem for corporations
a. True b. False Indicate whether the statement is true or false
The use of pollution charges to reduce pollution confronts the problem of
A. free riders who avoid revealing benefits from abatement. B. determining specific individual damages and appropriate charges associated with pollutants. C. necessarily lowering the price of the products. D. requiring no agency to administer the tax.