If the Fed lowers the reserve requirement from 15 percent to 13 percent, the result will be a ______.
a. major increase in the money supply
b. major decrease in the money supply
c. minor increase in the money supply
d. minor decrease in the money supply
a. major increase in the money supply
You might also like to view...
Joe runs a business and needs to decide how many hours to stay open. Figure 2.2 illustrates his marginal benefit of staying open for each additional hour. Suppose that Joe's marginal cost of staying open per hour is $24
How many hours should Joe stay open? A) 3 hours B) 4 hours C) 5 hours D) 6 hours
The characteristics that describe a perfectly competitive industry include
A) many firms selling an identical product. B) one firm selling to many buyers. C) many firms selling a slightly differentiated product. D) a few firms selling to many buyers. E) None of the above answers is correct.
Which of the following would be most likely to have monopoly power?
a. a national florist b. an online bookstore c. a local restaurant d. a local electrical cooperative
For most commonly used social welfare functions, an efficient allocation is
A) always preferred over any inefficient allocation. B) not possible. C) usually preferred. D) never preferred.