Suppose the banking system currently has $300 billion in reserves, the reserve requirement is 5 percent, and excess reserves are $30 billion. What is the level of loans?

A price floor in an agricultural market is called

A) an agricultural floor. B) a farm support. C) a price support. D) a farm subsidy. E) a farm support price.

The statistical discrepancy account:

a. accounts for services. b. accounts for gifts to foreigners. c. is included to ensure a balance between debits and credits in the capital account. d. estimates transactions that were omitted from the official reporting process. e. causes the net balance in the balance of payments to be negative.

Since most economies, on average, ________ over time, business cycles show a ________ trend.

A. suffer recessions; negative B. sow down; negative C. grow; positive D. remain stable; zero

A pizza business has the cost structure described below. The firm's fixed costs are $20 per day. What are the firm's marginal costs at an output of 35 pizzas?

a. $0.57 b. $4.00 c. $9.20 d. $230.00