If the demand curve increases while the supply curve remains unchanged, the equilibrium price would decrease
a. True
b. False
Indicate whether the statement is true or false
False
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Suppose you deposit $1,000 cash in your checking account at a bank. If the bank is loaned up and if the required reserve ratio is 10%, the maximum amount that the bank can lend now, following your deposit is
A) $100. B) $900. C) $1,000. D) $10,000.
Suppose a firm can charge a relatively low price to try to compete actively with its rivals, or it can charge a relatively high, collusive price. If its strategy is to charge the low price regardless of the other firms' decisions, this low-price is the firm's
A. dependent strategy. B. independent strategy. C. positive sum strategy. D. dominant strategy.
Currency held outside banks is included in
A. M2 only. B. neither M1 nor M2. C. M1 only. D. both M1 and M2.
Refer to Figure 8A.2. If the economy were originally saving at the rate s1 but changed to the rate s2
A) depreciation will not catch up to total saving. B) capital deepening will continue past K2. C) the economy stops growing at e1. D) saving exceeds depreciation at K1.