If First Interstate Bankcorp has demand deposits of $8 billion, actual reserves of $1.4 billion, and the reserve requirement is 15%, the bank's excess reserves are
A. $100 million.
B. $200 million.
C. $400 million.
D. $800 million.
B. $200 million.
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To produce more output in the short run, a firm must employ more of
A) all its resources. B) its fixed resources. C) its variable resources. D) the least costly resources regardless of whether they are fixed or variable. E) Firms cannot produce more output in the short run.
The text lists all of the following as outcomes of McDonald's experimental adoption of remote order taking except:
A) a decrease in accuracy in filling orders. B) increased speed at the drive through window. C) an increase in the costs associated with the drive-through portion of McDonald's business. D) employee dissatisfaction with constant monitoring and the stress of the process.
Unemployment insurance contributes to structural unemployment by:
A. keeping wages below the market-clearing level. B. keeping wages above the market-clearing level. C. allowing unemployed workers to search longer or less intensively for jobs. D. forcing unemployed workers to take the first job offered to them.
Use the above table. Based on the information in the table, jam is a(n)
A. necessary good. B. inferior good. C. negative good. D. normal good.