Historically, the excess reserves of banks have been ________ relative to checkable deposits, but during the crisis of 2008 the excess reserves of banks ________. (Fill in the blanks)
a. large; declined sharply
b. small; fell sharply
c. small; increased sharply
d. large; increased sharply
C
You might also like to view...
Kenneth Chay and Michael Greenstone examined the impact of reductions in air pollution since the passage of the Clean Air Act of 1970. Which of the following statements summarizes their findings?
A) In the two years following passage of the Act, fewer infants died than would have died if the Act had not been passed. B) The benefits of reducing the six main air pollutants in the two years following the Act greatly exceeded the costs. C) The marginal cost of reducing emissions of sulfur dioxide has increased over time as the marginal benefit of the reductions has increased. D) The marginal benefit of reductions in air pollution was less than the marginal cost.
In a progressive tax structure:
a. both the tax rate and absolute tax amount increase with an increase in income. b. the tax rate remains constant, but the absolute tax amount increases with an increase in income. c. both the tax rate and absolute tax amount decline with an increase in income. d. the tax rate falls,but the absolute tax amount increases with an increase in income. e. the tax rate increases, but the absolute tax amount decreases with an increase in income.
In his book The Other Path, de Soto suggests that countries will grow more quickly if bureaucratic barriers to free enterprise are reduced.
Answer the following statement true (T) or false (F)
Refer to the above table. What are total fixed costs at an output of 2 units?
A. $150 B. $100 C. $200 D. $50