In the simple deposit expansion model, if the Fed extends a $100 discount loan to a bank that previously had no excess reserves, deposits in the banking system can potentially increase by
A) $10.
B) $100.
C) $100 times the reciprocal of the required reserve ratio.
D) $100 times the required reserve ratio.
C
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Which of the following statements presents inaccurate information about the early U.S. labor movement?
a. Courts in the early 19th century often found unions guilty of conspiracy. b. Unskilled factory workers were the primary beneficiaries of early labor gains. c. In the 1820s and 1830s, small craft societies began to coalesce to form larger unions. d. Early unions experimented with collective bargaining, strikes and closed shops.
When two goods are perfect complements, the indifference curve is
a. a horizontal straight line. b. bowed outward. c. a downward-sloping straight line. d. a right angle.
A fall in prices of imported resources will cause aggregate:
a. Demand to increase b. Demand to decrease c. Supply to decrease d. Supply to increase
Recall the Application about how the price of CO2 permits in the European Union is determined to answer the following question(s).Recall the Application. Which of the following factors has caused the increase in the price of CO2 allowances in the EU in 2017?
A. Member states agree on reforms that will increase the supply of allowances. B. Member states agree on abolishing the Emissions Trading System (ETS). C. The United States decides to increase its supply of allowances. D. Member states agree on reforms that will decrease the supply of allowances.