Banks would like to keep about _____% of their deposits on reserve.
A. 2
B. 10
C. 40
D. 75
A. 2
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The equation of exchange is written as
A. M× V = P× Y. B. M× P = V× Y. C. M× Y = P× V. D. M× Y = Y× P.
Refer to Figure 4-5. The figure above represents the market for pecans. Assume that this is a competitive market. If 4,000 pounds of pecans are sold
A) marginal benefit is equal to marginal cost. B) consumer surplus equals zero. C) the deadweight loss is equal to $12,000. D) the marginal benefit of each of the 4,000 pounds of pecans equals $3.
Higher protection raises the overall level of employment
Indicate whether the statement is true or false
The Fed can engage in preemptive strikes against a rise in inflation by ________ the federal funds interest rate; it can act preemptively against negative demand shocks by ________ the federal funds interest rate
A) raising; lowering B) raising; raising C) lowering; lowering D) lowering; raising