Reserve requirements are the
A) minimum percentages of deposits that banks must hold as reserves.
B) minimum amount of an owner's financial resources that must be placed in a depository institution.
C) rules covering the types of deposits that banks may offer.
D) rules covering the types of assets that banks may purchase.
A
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A nonexclusive good is a good which:
a. is sold in low-price markets. b. is impossible to keep people from enjoying the benefits the good provides. c. is produced by a perfectly competitive firm. d. is produced at the lowest possible cost.
With the resources it has, an economy can produce at any point on or outside the production possibilities frontier, but it cannot produce at points inside the frontier
a. True b. False Indicate whether the statement is true or false
Adam Smith believed that if people were free to pursue their own interests,
What will be an ideal response?
If prices of goods and services are free to quickly adjust, then:
A. A negative demand shock would lead to increased unemployment in the short run B. A positive demand shock would lead to increased unemployment in the short run C. A negative demand shock would have no short-run effect on unemployment D. There would be no short-run demand shocks