The following diagram shows a consumer's demand schedule for a good. At a price of $2, consumer surplus is:
a. ?$200.
b. ?$5.
c. ?$80.
d. ?$10.
e. ?$4.
Ans: c. ?$80.
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Consider two banks: Bank A and Bank B. Bank A has total assets worth $50,000 and total liabilities worth $24,000. Conversely, Bank B has total assets worth $100,000 and total liabilities worth $90,000
Given this information, which of the two banks is more prone to bank runs and why?
If a constant-growth-rate-of-money policy is to achieve constant growth of nominal GDP, velocity
A) does not matter since the money supply is growing steadily. B) must grow at a steady and predictable rate. C) must be constant. D) must shrink over time at the same rate as money grows.
As the international value of the dollar rises, AS shifts outward and AD shifts inward
a. True b. False Indicate whether the statement is true or false
Excess reserves equal:
A. total deposits minus required reserves. B. total reserves. C. total reserves minus required reserves. D. total deposits.