The re insurance market is characterized as having:
A. few buyers and sellers.
B. many buyers and sellers.
C. a few buyers and many sellers.
D. many buyers and a few sellers.
Answer: D
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Refer to the figure above. What is the equilibrium quantity after the demand curve shifts to D2?
A) 20 units B) 30 units C) 35 units D) 50 units
Assume that a bank has $2,000 in total reserves and $10,000 in checkable deposits and the required reserve ratio on checkable deposits is 20%. This bank's excess reserves equal
A. $500. B. $250. C. $750. D. zero.
Assume you are a critic of welfare reforms that impose a time limit on the number of years a person is eligible for welfare benefits. What is the foundation of your critique?
Suppose C = 1000 + .9Y, G = 400, I = 100, (X – IM) = 0, and there are no income taxes. If government purchases increase by 100, equilibrium GDP will
a) rise by 25% b) rise by a factor of 10 c) rise by 90 d) rise by 100 e) rise by 1,000