If the Fed buys more bonds from the public, then the money supply will:
A. Decrease and the aggregate demand curve will shift to the right.
B. Increase and the aggregate demand curve will shift to the right.
C. Increase and the aggregate demand curve will shift to the left.
D. Decrease and the aggregate demand curve will shift to the left.
B. Increase and the aggregate demand curve will shift to the right.
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Required reserves for a commercial bank
A) are the minimum reserves that a bank must hold to back its deposits. B) are the reserves that a bank plans to hold in the bank's vault. C) are only the money used by the bank tellers. D) consist only of the bank's deposits at the Fed.
If a tripling of price triples the quantity of a good supplied, the price elasticity of supply is
a. 3 b. 300 c. 1 d. -1 e. -3
Some pollution occurs because property rights to some resources are well defined
a. True b. False
Which of the following were descendants of the Standard Oil Trust?
A. Exxon B. Mobil C. Marathon Oil D. All of the choices are correct.