Assume that the required reserve ratio is 20 percent. If the Federal Reserve buys $80 million in government securities from the general public, then the money supply will immediately:
A. Increase by $0 with this transaction, and the maximum money-lending potential of the commercial banking system will increase by $400 million
B. Increase by $0 with this transaction, but the maximum money-lending potential of the commercial banking system will increase by $320 million
C. Increase by $80 million with this transaction, and the maximum money-lending potential of the commercial banking system will increase by another $400 million
D. Increase by $80 million with this transaction, and the maximum money-lending potential of the commercial banking system will increase by another $320 million
D. Increase by $80 million with this transaction, and the maximum money-lending potential of the commercial banking system will increase by another $320 million
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Based on the table above which shows Chip's costs, if rice sells for $600 a ton, Chip's profit-maximizing output is
A) less than one ton. B) between two and three tons. C) between three and four tons. D) between one and two tons.
Suppose market demand is Q = 1000 - 4p. If all firms have LRAC = 50 - 5q + q2, how many identical firms will there be when this industry is in long-run equilibrium?
What will be an ideal response?
In 2005, the membership of the AFL-CIO changed significantly when the
A. CIO separated from the AFL. B. AFL-CIO became a union of public-sector employees only. C. AFL-CIO was able to organize its first factories in mainland China. D. Teamsters and other unions withdrew from the umbrella organization.
Healthy Crunch contractually requires distributors who purchase Healthy Crunch's snack bars to also purchase Healthy Crunch's breakfast cereal. The legality of the practice will be evaluated under Section ________ of the Clayton Act.
A) 7 B) 2 C) 8 D) 3