After the U.S. government deregulated the trucking industry:
A. profits rose.
B. freight prices rose.
C. freight prices fell.
D. the number of trucking companies decreased.
Answer: C
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Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, one million dollars in required reserves, and faces a required reserve ratio of ten percent
Given this information, we can say First National Bank has ________ million dollars in excess reserves. A) one B) two C) nine D) ten
In the Keynesian model, money demand is positively related to
A) income. B) interest rates. C) saving. D) aggregate supply.
In the above figure, a surplus exists in the gasoline market when the price is
A) $1/gallon. B) $2/gallon. C) $4/gallon. D) below $2/gallon.
The demand for Nike shoes is _________________ than the demand for shoes in general
a. More elastic b. More inelastic c. Less elastic d. Less inelastic