An anticipated change in the money supply will result in a(n) __________ level of economic activity and a __________ price level
A) increased; higher
B) decreased; higher
C) unchanged; lower
D) unchanged; higher
D
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If an increase of $10 million in excess reserves increases checkable deposits in the banking system by a maximum of $200 million, the required reserve ratio is: a. 0
b. 5 percent. c. 10 percent. d. 20 percent. e. 2 percent.
An investor will diversify his portfolio to reduce risk
a. True b. False Indicate whether the statement is true or false
If the price of coffee decreases, the demand curve for tea (a substitute good) will
a. remain unchanged. b. shift to the right. c. shift to the left. d. do none of the above
Refer to Figure 9.5.
The likely outcome for a simultaneous nonrepeated bid is
A. GMB-Low, VolgaBus-High. B. GMB-High, VolgaBus-High. C. GMB-High, VolgaBus-Low. D. GMB-Low, VolgaBus-Low.