Bank One has reserves of $100,000, government securities of $200,000, loans of $700,000, and checkable deposits of $800,000. If the desired reserve ratio is 10 percent, Bank One can make additional loans totaling
A) $0.00.
B) $10,000.
C) $20,000.
D) $80,000.
E) $100,000.
C
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If a monopolist is able to price discriminate: a. consumer surplus is increased
b. the welfare loss from monopoly is increased. c. producer surplus is decreased. d. some consumer surplus and deadweight losses are transformed into monopoly profits.
Figure 13-1
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In Figure 13-1, for a monopolistically competitive firm, long-run equilibrium can occur only at the quantity indicated by which point?
A. A B. B C. C D. D
It is said by some that the United States has the greatest healthcare system in the world, but infant mortality rates are higher than those in _______ percent of other industrial countries.
Fill in the blank(s) with the appropriate word(s).
In sequential order, the four phases of the business cycle are
A. peak, contraction, trough, expansion. B. contraction, trough, peak, expansion. C. trough, peak, expansion, contraction. D. expansion, contraction, peak, trough.