Roughly what is the required reserve ratio within the U.S. banking system?
A) Less than 10 percent.
B) 15%
C) 25%
D) 50%
E) 90%
A
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If a natural disaster were to cause a negative long-run supply shock to the economy, once the economy adjusts, the new equilibrium will be at a:
A. higher price level and lower level of output. B. lower price level and lower level of output. C. higher price level and higher level of output. D. lower price level and higher level of output.
Refer to the information provided in Figure 16.2 below to answer the question(s) that follow.
Figure 16.2Refer to Figure 16.2. The ________ imposed as a result of producing the efficient level of cars is $250.
A. marginal social benefit B. marginal social cost C. marginal private cost D. total damage
Refer to the figure above. This country has comparative advantage in good
A) S. B) T. C) Y. D) Z.
Which of the following would be but best item for the local government to tax if its goal was to raise revenue?
A. Water supply B. Weather reports on your phone C. Outdoor concert provided by the city D. Leaf collection