The minimum percent of deposits that banks must hold and cannot loan is determined by the
A) interest rate.
B) discount rate.
C) required reserve ratio.
D) federal funds rate.
E) ratio of M2 to M1.
C
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Refer to Figure 7-5. With insurance and a third-party payer system, the equilibrium quantity of medical services is
A) 400. B) 800. C) 1,200. D) > 1,200.
According to data on Pennsylvania agriculture in the 18th century, the average size of a farm _________, while the output per farm ______________
a. increased; decreased b. decreased; increased c. decreased; remained fairly stable d. remained fairly stable; increased
The Federal Reserve Board of Governors
a. serve at the pleasure of the president similar to other cabinet positions. b. report directly to Congress and are controlled by Congress. c. consists of 12 members, one from each district bank. d. is structurally independent of the executive and legislative branches of the federal government.
Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. If two drones are produced, average variable costs are
A. $10. B. $20. C. $25. D. $50.