If a bank has negative excess reserves, then its ______ are greater than its ______.
Fill in the blank(s) with the appropriate word(s).
required reserves; actual reserves
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The figure above shows Diane's demand curve for soda. The price of a soda is $1.00. Diane's consumer surplus from all 15 sodas is
A) $15.00. B) $22.50. C) $11.25. D) $8.00. E) $1.50.
"Because Coke and Pepsi are substitutes, a decrease in the price of Pepsi will cause the demand for Coke to decrease
This initial shift in demand for Coke results in a lower price for Coke; this lower price will cause the demand curve for Coke to shift to the left." Which of the following correctly comments on this statement? A) The statement will be true if consumer tastes for Coke and Pepsi do not change. B) The statement is false because Pepsi is an inferior good; Coke is a normal good. C) The statement is false because one cannot assume that Coke and Pepsi are substitutes for all consumers. D) The statement is false because a change in the price of Coke would not change the demand for Coke.
On the eve of the American Revolution, most colonials produced agricultural goods. The war boosted profits for many farmers
Indicate whether the statement is true or false
As a result of moving more decision making from the periphery of the organization toward the center, typically
a. the flow of relevant information to the decision maker should be enhanced b. the flow of relevant information from the decision maker should be enhanced c. the incentive structure for the decision maker should be strengthened d. the incentive structure for the decision maker can be eliminated