Everything else held constant, a decrease in holdings of excess reserves will mean
A) a decrease in the money supply.
B) an increase in the money supply.
C) a decrease in checkable deposits.
D) an increase in discount loans.
B
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Refer to Table 2-9. What is Haley's opportunity cost of making a bracelet?
A) 3/4 of a bracelet B) 1 1/3 necklaces C) 2 necklaces D) 3 bracelets
Export embargoes cause greater losses to consumer surplus in the target country
A) the lesser its initial dependence on foreign produced goods. B) the more elastic is the target country's demand schedule. C) the more elastic is the target country's domestic supply. D) the more inelastic the target country's supply. E) the larger the target country's labor force is.
According to the median-voter theorem, the chosen policy will be the one preferred by the:
A. median voter. B. greatest average of voters, rather than the majority of voters. C. the average voter, rather than the largest number of voters. D. largest number of voters, rather than the average voter.
The production function for a good is a downward-sloping linear curve
a. True b. False Indicate whether the statement is true or false