An individual bank can lend out at most its
What will be an ideal response?
Excess reserves.
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The figure above shows the market for a good with an external benefit. If the market is competitive and the government takes no action, the equilibrium quantity is ________ units and the equilibrium price is ________ per unit
A) 8; $150 B) 8; $300 C) 10; $250 D) 10; $100 E) 10; $150
Transactions costs are
A) zero in financial markets. B) zero in financial intermediaries. C) the costs of direct financial transactions. D) equal to the taxes imposed on financial transactions.
A one-percent increase in the rate of inflation in an economy can increase the value of the GDP deflator of the economy by 10
a. True b. False Indicate whether the statement is true or false
Because a famous airplane like the Spruce Goose is fixed in supply, its price is
A. independently determined. B. inelastic. C. demand determined. D. supply determined.