A bank has $30,000 in deposits and has $5,400 in reserves. What is its reserve ratio?
18 percent
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In an open economy, the government purchases multiplier will be smaller the
A) larger the marginal propensity to consume. B) smaller the marginal propensity to import. C) larger the tax rate. D) All of the above are correct.
Hughes and Cain (2011) suggest that an event or series of events occurring in 1763 doomed British policy. What happened?
(a) A series of oppressive taxes (b) A tightening and more rigorous enforcement of the Navigation Acts (c) A proclamation which limited trans-Appalachian settlement to lands once granted to colonists by crown approval (d) An act that gave the Quebec province all the land west of the Ohio River
In the graph below, the value of the dollar in terms of yuan is:
A. appreciating because the dollar buys more yuan. B. appreciating because the dollar buys fewer yuan. C. depreciating because the dollar buys more yuan. D. depreciating because the dollar buys fewer yuan.
Which of the following is not a result if the quantity supplied exceeds the quantity demanded in a market?
A. Deadweight loss B. Inefficiency C. Overproduction D. Shortage