Suppose Robert deposits $100 of cash into a checking account at a commercial bank. His actions will
A) decrease M1 by $10,000.
B) increase M1 by $10,000.
C) produce no change in M1, but M1 will decrease in the future because the bank has excess reserves.
D) produce no change in M1, but M1 will increase because the bank has excess reserves.
D
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Define the short-run industry supply curve. Explain the two factors that can cause the short-run industry supply curve to shift to the right
What will be an ideal response?
Refer to the figure below. In this game, how many dominant strategies does Player A have?
A. 1 B. 4 C. 0 D. 2
If a competitive market operates perfectly, it relies on:
A. the number of people buying goods. B. the laws of supply and demand. C. how many products can be produced for sale. D. how much people are willing to pay for the products.
Refer to the data provided in Table 9.3 below to answer the following question(s). Table 9.3qTFCTVCTCMCAVCATC0$100 $0$100 ---- -- 1100401404040 140 21006016020 30 80 31009019030 30 63.334100124 224 343156 5100180 280 56 36 56 6100 264 364 84 44 60.677100 372 472 108 53.14 67.43Refer to Table 9.3. In the long run, if cost conditions do not change, this firm will earn a zero economic profit if price is
A. $20. B. $30. C. $40. D. $56.