Refer to the data. If the commercial banking system actually loans the maximum amount it is able to lend:
Answer the question on the basis of the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 30 percent. All figures are in billions.
A. reserves and deposits equal to that amount will be gained.
B. excess reserves will be $2.6 billion.
C. excess reserves will fall to $1.7 billion.
D. excess reserves will be reduced to zero.
D. excess reserves will be reduced to zero.
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Tying is always profitable for a monopoly
a. True b. False Indicate whether the statement is true or false
Evidence of differences in the average wages of black workers compared to white workers
a. does not alone provide conclusive evidence of discrimination. b. clearly indicates differences in productivity between races. c. is seldom used to provide evidence of discriminatory bias. d. clearly indicates discrimination on the basis of race.
The value added method of calculating GDP means
A. adding up the incomes of all businesses in a given year. B. adding up the difference between the sale price and the value of intermediate goods of each product at every stage of production. C. adding up the market values of all intermediate goods. D. calculating the percentage changes in the GDP between two years.
If the elasticity of labor supply is positive, the labor-supply curve would be
A. vertical. B. horizontal. C. downward sloping. D. upward sloping.