If the reserve requirement was 15% and a bank customer makes a deposit of $500, the initial result would be:
a. a $75 increase in required reserves and a $425 increase in excess reserves.
b. a $425 increase in required reserves and a $75 increase in excess reserves.
c. a $75 increase in required reserves and a $3,333 increase in excess reserves.
d. a $3,333 increase in required reserves and a $425 increase in excess reserves.
a
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Refer to Table 4-2. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one ticket falls from $50 to $20
A) everyone will buy a ticket. B) consumer surplus decreases from $48 to $24. C) only three tickets will be sold. D) consumer surplus increases from $0 to $62.
The following diagram shows a consumer's demand schedule for a good. At a price of $2, consumer surplus is:
a. ?$200. b. ?$5. c. ?$80. d. ?$10. e. ?$4.
The merit standard refers to
A) "To each according to her need." B) "To each exactly the same." C) "To each according to her productivity." D) "To each according to his ability."
Assuming that inflation has occurred over time, what is the relationship between nominal GDP and real GDP in each of the following situations In the base year, nominal GDP _____ real GDP
Fill in the blank(s) with the appropriate word(s).