Changes in reserve requirements directly and immediately affect
A. the money multiplier.
B. the Fed's holdings of foreign exchange.
C. the monetary base.
D. banks' holdings of securities.
Answer: A
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Efficient resource allocation is defined as MC = AC
a. True b. False Indicate whether the statement is true or false
That the migration of black middle and working class families from the ghettos removed the key social constraint against crime is a central thesis of
A. William Julius Wilson. B. Charles Murray. C. Mickey Kaus. D. Frances Fox Piven.
The 12 regional Federal Reserve Banks
A. are not allowed to make loans to banks in their districts. B. regulate banks in their districts. C. have more voting members on the FOMC than does the Board of Governors. D. are each headed by a member of the Board of Governors.
In a competitive market, the demand and supply curves are Q = 12 - P and Q = 5P, respectively. If output is fixed at Q = 11, what is the amount of the resulting deadweight loss?
A) 0 B) 0.6 C) 11.4 D) 15