Suppose the banks in the Federal Reserve System have $1 billion in transactions accounts and the reserve requirement is 0.20. Ceteris paribus, if the reserve requirement is increased to 0.25, then excess reserves will:
A. Increase by $250 million.
B. Increase by $50 million.
C. Decrease by $250 million.
D. Decrease by $50 million.
D. Decrease by $50 million.
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Which oligopoly model(s) have the same results as the competitive model?
A) Cournot B) Bertrand C) Stackelberg D) Both Cournot and Stackelberg
Which of the following statements is true?
a. There is no single correct strategy for economic growth and development. b. In general, GDP per capita is highly correlated with alternative quality of life measures. c. The World Bank is affiliated with the United Nations and makes long-term low-interest loans to LDCs. d. All of these.
Generally, economists agree that the economic outlook for the U.S. is seriously challenged
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 26.3 below to answer the question(s) that follow.
Figure 26.3Refer to Figure 26.3. The increased use of hydraulic fracturing, or fracking, in North Texas has significantly reduced energy prices across the country. This fracking would cause
A. the short-run aggregate supply curve to shift from AS1 to AS2. B. the economy to move from Point B to Point A along AS1. C. the economy to move from Point C to Point B along AS1. D. the short-run aggregate supply curve to shift from AS1 to AS0.