Which of the following is a bank liability?
a. Required reserves.
b. Excess reserves.
c. Actual reserves.
d. Checkable deposits.
e. Loans.
d
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Answer the next question on the basis of the following table in which columns (1) and (2) indicate the transactions demand (Dt) for money and columns (1) and (3) show the asset demand (Da) for money.(1)Interest Rate(2)Dt(3)Da12%$100$010100208100406100604100802100100If the money supply is $160, the equilibrium interest rate will be
A. 8%. B. 4%. C. 10%. D. 6%.
If we compare budget constraint A to budget constraint B in the graph shown, what can be said of the relative prices reflected in the two?
This graph shows three different budget constraints: A, B, and C.
A. Because A is steeper, soda is relatively less expensive in A than in budget constraint B.
B. Because B is steeper, soda is relatively less expensive in A than in budget constraint B.
C. Because B is flatter, soda is relatively more expensive in A than in budget constraint B.
D. Because A is flatter, soda is relatively more expensive in A than in budget constraint B.
Which of the following would shift the AS curve downward?
a. A decrease in the price level b. A decrease in world oil prices. c. An increase in world oil prices. d. A natural disaster that raises unit costs for all firms. e. A loss of technological capability.
The Organization of Petroleum Exporting Countries (OPEC) is an example of
A. a price leadership system. B. a generally unsuccessful cartel. C. an organization devoted to tacit collusion. D. a successful cartel.