An increase in the required reserve ratio ____ excess reserves and _____ the money supply.
A. increases; decreases
B. decreases; increases
C. decreases; decreases
D. increases; increases
C. decreases; decreases
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In 2007, the National Collegiate Athletic Association put a moratorium on new Football Bowl Series (formerly Division IA) teams. This policy will
A) protect the producer surplus of existing football programs. B) ensure that when entry occurs, producer surplus will not be zero. C) ensure that when entry occurs, producer surplus will be positive. D) ensure that consumer surplus is greater in the future.
The most significant difference between perfect competition and monopolistic competition is that
A) in a perfectly competitive market products are differentiated, while in a monopolistically competitive market products are homogeneous. B) in a perfectly competitive market products are homogeneous, while in a monopolistically competitive market products are differentiated. C) in a perfectly competitive market there is a large number of sellers, while in a monopolistically competitive market there is a small number of sellers. D) in a perfectly competitive market there is a small number of sellers, while in a monopolistically competitive market there is a large number of sellers.
A financial market panic that causes US depositors to withdraw their funds from Chinese banks, would cause a(n)________ in the demand of US dollars and a(n) _________in the demand of the Chinese Yuan
a. Increase; Increase b. Increase; Decrease c. Decrease; Increase d. Decrease; Decrease
The Army Corps of Engineers has been accused of acting on the basis of a so-called “edifice complex.”
Answer the following statement true (T) or false (F)