The joining of firms that are producing or selling a similar product is
A) a conglomerate merger.
B) a horizontal merger.
C) a vertical merger.
D) a cross or diagonal merger.
Answer: B
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A bank has deposits of $400, reserves of $50, and the desired reserve ratio is 7 percent. The bank's excess reserves are
A) $28. B) $50. C) $22. D) $0. E) $3.50
According to liquidity preference theory, if the price level
a. fell, the interest rate would rise, and induce investment spending to rise. b. fell, the interest rate would fall, and induce investment spending to fall. c. rose, the interest rate would rise, and induce investment spending to fall. d. rose, the interest rate would fall, and induce investment spending to rise.
If a monopolist is producing a level of output where MR exceeds MC, then it should
A. Lower its output. B. Increase its output. C. Raise its price. D. Shift its marginal cost curve upward.
After the financial crisis of the late 2000s, President Obama and Congress considered adding to the Federal Reserve's functions by making it the nation's primary regulator of
A. systemic risk. B. credit risk. C. investment risk. D. default risk.