If the desired reserve ratio increases, then
A) banks' desired reserves increase and their excess reserves decrease.
B) bank customers become more willing to make deposits in banks.
C) banks are able to make more loans.
D) banks can buy more government securities.
E) the Fed has supplied banks with more reserves.
A
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On the horizontal axis of a graph, generally
A) values increase from left to right. B) values increase from right to left. C) values can be positive and/or negative. D) Both answers A and C are correct.
Policies to create jobs in the nation are the concern of:
a. macroeconomics. b. microeconomics. c. both microeconomics and macroeconomics. d. neither microeconomics nor macroeconomics.
Number of workersUnits of output00110230344455
Refer to Table 5.1, which gives a firm's production function. Assume that all non-labor inputs are fixed. Marginal product is maximized when the firm hires:
A. 2 workers. B. 3 workers. C. 4 workers. D. 5 workers.
An efficient market is a market in which
A. profit opportunities are eliminated almost instantaneously. B. profits are always very high and persistent. C. everyone always gets what they want. D. opportunity costs are zero.