The Citizens First Bank sells $100,000 of government securities to the Fed. This sale immediately
A) decreases the quantity of money.
B) decreases the bank's assets.
C) increases the bank's required reserves.
D) decreases the bank's checkable deposits.
E) increases the bank's reserves.
E
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The price survey of the goods contained in the CPI market basket is conducted
A) every ten years, along with the Census. B) infrequently, because of its high cost. C) every year. D) monthly. E) every quarter.
Perfect price discrimination is also known as
A) first-degree price discrimination. B) yield management. C) third-degree price discrimination. D) monopoly.
If a monopolistically competitive firm is suffering losses in the short run:
A. the exit of competing firms will shift the firm's demand to the right. B. the exit of competing firms will shift the firm's demand to the left. C. the exit of competing firms will cause price to drop, but not affect the firm's demand curve. D. the exit of competing firms will cause price to rise, but not affect the firm's demand curve.
At which of the following exchange rates would the quantity of British pounds demanded be the highest?
a. $5.00 per pound. b. $2.50 per pound c. $3.00 per pound. d. $1.50 per pound. e. $2.00 per pound.