Which of the following appears as an asset on the Federal Reserves balance sheet?
A) Commercial bank deposits
B) Bank reserves
C) Gold certificates
D) U.S. Treasury deposits
C
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Based on the model, the price at the efficient equilibrium is
Consider the following model for the production of refined oil: MSC = 10 + 0.5Q; MEC = 0.3Q; MSB = 30 – 0.3Q; MEB = 0. a. PE = $18 b. PE = $22.50 c. PE = $20 d. PE = $40
For which of the following types of environmental pollution can we expect that the level of environmental harm would increase as per capita income increases?
A. Arsenic in water B. Lead pollution in water C. Carbon monoxide D. Carbon dioxide emissions
Which of the following is least likely to be studied in macroeconomics?
A. Advertising B. Business cycles C. Inflation D. Unemployment
Jane's Copy Services is in perfect competition. Jane currently charges 10 cents per page, which is the going market price
Jane thinks that she can increase her profit if she lowers her price to 8 cents per page to increase the demand for her service. Is Jane right? Why or why not?