Suppose there are 11 automakers. The top three have 20% of the market each, and the remaining eight divide remaining market share evenly. The HHI is
A. 909.
B. 0.
C. 10,000
D. 1,400.
Answer: D
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If there are no excess reserves in the banking system and the Fed lowers the required reserve ratio, it follows that banks will now have __________, which they can use to extend loans and create new __________
A) positive excess reserves; checkable deposits B) negative excess reserves; currency C) positive excess reserves; currency D) more vault cash; checkable deposits E) none of the above
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.
Refer to the data. The marginal cost of producing the sixth unit of output is:
A. $24.
B. $12.
C. $16.
D. $8.
Which of the following is a correct statement?
A. The government issues both bonds and shares. B. Shareholders earn dividends but bondholders don't. C. Bondholders earn dividends but shareholders don't. D. Companies issue shares but don't issue bonds.