Regulation Q, now no longer operative, set a
a. maximum on the interest rate that banks and savings and loans could pay depositors
b. maximum on the interest rate that banks and savings and loans could charge on consumer loans
c. maximum amount that banks and savings and loans could loan out of excess reserves
d. legal reserve requirement for savings and loans that was 1.5 times the requirement for banks
e. value for the potential money multiplier that could not exceed 1
A
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Refer to the figure above. What is the equilibrium wage rate if the labor demand curve is LD1 and the labor supply curve is LS1?
A) $25 B) $30 C) $20 D) $15
If the price elasticity of demand for a good is greater than one in absolute value, economists characterize that demand is
A) elastic. B) inelastic. C) perfect. D) vertical.
Project C has an expected value of $500 and a standard deviation of 50. Project D has an expected value of $300 and a standard deviation of 10. Comment on the desirability of these projects
What will be an ideal response?
Suppose that the demand for light bulbs is inelastic, and the supply of light bulbs is elastic. A tax of $2 per bulb levied on light bulbs will increase the price paid by buyers of light bulbs by
a. less than $1. b. $1. c. between $1 and $2. d. $2.