If reserves equal $29 million and vault cash equals $29 million, it follows that
A) bank deposits at the Federal Reserve equal $29 million.
B) currency in the hands of the public equals $29 million.
C) excess reserves equal $10 million.
D) bank deposits at the Federal Reserve equal $0.
E) There is not enough information to answer the question.
D
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Which of the following may be consistent with profit-maximizing behavior by a price-taking producer:
A. Output is set where price is equal to marginal cost. B. Output is set where marginal revenue is equal to marginal cost. C. No output is produced. D. (a) and (b) E. (a) and (c) F. (b) and (c) G. All of the above H. None of the above
Which of these is not a good example of skill-biased technical change?
A) GPS navigation equipment in delivery trucks B) web-enabled virtual classrooms C) self-service check out scanners D) use of robots in automobile assembly
Ceteris paribus, if the U.S. dollar depreciated in relation to the Canadian dollar, which of the following would be true? a. U.S. goods would become less expensive to Canadian consumers
b. Canadian goods would become more expensive to Canadian consumers. c. U.S. goods would become less expensive to European consumers. d. all of the above
Kristi and Rebecca sell lemonade on the corner. It costs them 7 cents to make each cup. On a certain day, they sell 40 cups. Their producer surplus for that day amounts to $19.20 . Kristi & Rebecca sold each cup for
a. 31 cents. b. 38 cents. c. 45 cents. d. 55 cents.