As of 2012, about how many banks were there in the United States?
A) 57
B) 2000
C) 6200
D) 14,000
C
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The sale of $1 billion of securities to a bank or some other business by the Fed is an example of
A) a last resort loan. B) a multiple contraction of the quantity of money. C) an open market operation. D) a change in the required reserve ratio.
The demand for science fiction novels is elastic. When prices decrease from $10 to $6.50 per novel, total revenue will
a. not change. b. decrease. c. increase. d. either increase or stay the same.
If a price ceiling is imposed,
a. the market supply curve shifts to the right b. the market demand curve shifts to the left c. an excess demand for the good results d. the government would be required to buy the excess supply of the good e. the equilibrium price falls below the price level the government wishes to achieve
The overall decline in death rates in the United States since 1981 was due to all of the following except
A) a decline in smoking. B) the decline in the population. C) the availability of new prescription drugs. D) new surgical techniques.