You withdraw $100 from your checking account. How does this affect the money supply and the reserves of your bank?
a. The money supply increases, and the reserves of your bank decline.
b. Both money supply and the reserves of your bank increase.
c. There is no change in the money supply, and the reserves of your bank decline.
d. The money supply decreases, and the reserves of your bank increase.
C
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The figure above shows short-run cost curves for a perfectly competitive firm. If the price of the product is $8, in the short run the firm will
A) make zero economic profit. B) make an economic profit. C) incur an economic loss. D) None of the above answers is correct because more information is needed to determine the firm's economic profit or loss.
According to the table shown, what is the market price?
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.
A. $500
B. $150
C. $50
D. $27.50
To maximize profits, the discriminating monopolist sells abroad rather than selling additional units at home because:
a. the home market is just too competitive. b. there would be more incentive for entry from other firms. c. the market price at home would rise and the firm would lose customers. d. it would lower total profits if it lowered its home price in order to sell the additional units.
The government debt is equal to the ... plus ...
What will be an ideal response?