Refer to the data. If the original balance sheet was for the commercial banking system, rather than a single bank, loans and checkable deposits could have been expanded by a maximum of:
Use the following balance sheet for the ABC National Bank in answering the question. Assume the required reserve ratio is 20 percent.
A. $8,000.
B. $15,000.
C. $48,000.
D. $25,000.
D. $25,000.
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In the classical and monetarist aggregate demand curves:
a. money is the primary factor driving changes in aggregate demand. b. taxes can never shift aggregate demand. c. government spending can never shift aggregate demand. d. changes in aggregate demand drive most recessions. e. both a and d.
Ross earns $60 each day. He spends this entire money either on movies or on games. The price of a movie ticket is $15, and the price of a game is $30 . Which of the following consumption bundles can Ross afford, given his income?
a. 5 movies and 2 games b. 2 movies and 1 game c. 3 movies and 1 games d. 0 movies and 3 games
Refer to the information provided in Figure 4.4 below to answer the question(s) that follow.
Figure 4.4Refer to Figure 4.4. If a $25 per barrel tariff is levied on imported oil, the United States will
A. export 10 million barrels of oil per day. B. import 6 million barrels of oil per day. C. import 2 million barrels of oil per day. D. import 10 million barrels of oil per day.
Refer to the data provided in Table 9.1 below to answer the question(s) that follow.
Table 9.1
Refer to Table 9.1. In the long run, if cost conditions do not change, this firm will earn a zero economic profit if price is
A. $10. B. $15. C. $20. D. $28.