Given a required reserve ratio of 20 percent, a commercial bank that has received a new deposit of $100 can make additional loans of
A) $400. B) $0. C) $20. D) $80.
D
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The table below shows the weekly supply for hamburgers in a market where there are just three sellers.PriceSeller 1 Qs 1Seller 2 Qs 2Seller 3 Qs 3$5854464334322221 If the price of a hamburger increases from $3 to $5, then the weekly market quantity of hamburgers supplied will
A. decrease from 17 to 9. B. decrease from 17 to 13. C. increase from 9 to 17. D. increase from 13 to 17.
The return-to-entrepreneurship curve is:
A) horizontal. B) vertical. C) downward sloping. D) upward sloping.
Economists who have studied the Phillips curve have concluded that it can shift due to all of the following EXCEPT
A) demand shocks. B) supply shocks. C) changes in household expectations of inflation. D) changes in firms' expectations of inflation.
If a production process generates pollution, then a competitive market will
A) produce more of the good than is socially optimal. B) produce less of the good than is socially optimal. C) produce the socially optimal quantity of that good. D) produce zero output.