Which of the following determines the amount of money the banking system as a whole can create?
A) the quantity of bank reserves
B) the quantity of vault cash held by banks
C) the gold reserves held by the Federal Reserve
D) the limit on profits by banks imposed by the U.S. Congress
Answer: A
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A forecaster used the regression equationQt = a + bt + c1D1 + c2D2 + c3D3and quarterly sales data for 1996 I - 2013 IV (t = 1, ..., 64) for an appliance manufacturer to obtain the results shown below. Q is quarterly sales, and D1, D2 and D3 are dummy variables for quarters I, II, and III.
What is the estimated intercept of the trend line in the fourth quarter?
A. 0 B. 55 C. 40 D. 70 E. none of the above
Consider the monopoly in the figure below with price regulated at $2 per unit. Deadweight loss resulting from the unregulated monopoly price is ________ than the deadweight loss resulting from the regulated price. 
A. less B. greater C. no different D. There is insufficient information to determine the difference in the deadweight loss between the regulated and unregulated prices.
? A Two-Good Market
Considering the data from the table shown above, assuming that the market basket cost of light bulbs and volleyballs in the base year was $4500, what would be the price index for the year 2020?
A. 92.70 B. 100.00 C. 177.78 D. 156.30
A demand curve with continuously changing slope over all quantity values will always have a constant price elasticity of demand.
Answer the following statement true (T) or false (F)