Everything else remaining unchanged, if the demand curve for reserves shifts to the right and borrowed reserves is zero:
A) there will be a decrease in both the federal funds rate and the quantity of reserves.
B) there will be an increase in the federal funds rate but no change in the quantity of reserves.
C) there will be an increase in both the federal funds rate and the quantity of reserves.
D) there will be a decrease in the federal funds rate but no change in the quantity of reserves.
B
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Nongovernmental organizations
a. provide aid from private sources b. help administer some government aid c. are often able to address sensitive issues that government agencies cannot d. are important sources of disaster relief funds e. all of the above
Mexico and the members of OPEC produce crude oil. Realizing that it would be in their best interests to form an agreement on production goals, a meeting is arranged and an informal, verbal agreement is reached. If both Mexico and OPEC abide by the agreement, then OPEC's profit will be $200 million and Mexico's profit will be $100 million. If both Mexico and OPEC cheat on the agreement, then OPEC's profit will be $175 million and Mexico's profit will be $80 million. If only OPEC cheats, then OPEC's profit will be $185 million, and Mexico's profit will be $60 million. If only Mexico cheats, then Mexico's profit will be $110 million, and OPEC's profit will be $150 million.Which of the following statements is correct?
A. OPEC's dominant strategy is to abide by the agreement. B. OPEC's dominant strategy is to cheat on the agreement. C. OPEC's dominated strategy is to cheat on the agreement. D. OPEC does not have dominant strategy.
Which of the following statements about economic scarcity is FALSE?
A) Scarcity occurs among the poor and the rich. B) Scarcity only occurs if there are shortages and people wait in line to buy things. C) Scarcity results from not having enough resources to produce all the things we want. D) Scarcity results in the necessity to make choices.
In recent years, the largest form of international investment funds for developing countries was in the form of
A. portfolio investments. B. foreign direct investments. C. bank loans. D. loans from the World Bank.