Based on the information in the table, what quantity of reserves did the Federal Reserve inject into the economy in 1932? Currency held by public (in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0
A. $0.07 billion
B. $0.23 billion
C. $0.16 billion
D. $0.30 billion
Answer: D
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After the imposition of a tax of $2 per unit of output, what is the profit maximizing price?
A) 11 B) 21 C) 31 D) 41 E) none of the above
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a. True b. False Indicate whether the statement is true or false