Which of the following will increase commercial bank reserves?
A. The purchase of government bonds in the open market by the Federal Reserve Banks
B. An increase in the reserve ratio
C. An increase in the discount rate
D. The sale of government bonds in the open market by the Federal Reserve Banks
A. The purchase of government bonds in the open market by the Federal Reserve Banks
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If Sam is producing at a point on his production possibilities frontier, then he
A) cannot produce any more of either good. B) can produce more of one good only by producing less of the other. C) will be unable to gain from trade. D) is not subject to scarcity.
The difference between the minimum price the producer is willing to accept and the price the producer actually receives for a product is referred to as: a. market surplus
b. market shortage. c. consumer surplus. d. producer surplus.
The primary cause of diseconomies of scale is scarcity of machinery and capital
a. True b. False Indicate whether the statement is true or false
The Federal Reserve System is a branch of the Treasury Department
a. True b. False Indicate whether the statement is true or false