The amount of reserves remaining after reserve requirements have been satisfied is called
A. the required reserve ratio.
B. legal reserves.
C. federal reserves.
D. excess reserves.
D. excess reserves.
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Health care that actually harms the patient, such as an adverse reaction to a prescription drug is called
a. morbidity-related response. b. defensive medicine. c. adverse selection. d. iatrogenic disease. e. moral hazard.
In repeated games:
A. cooperation never happens. B. players always cooperate and enjoy a mutually beneficial equilibrium. C. a noncooperative outcome is more likely than in a single-round game. D. a cooperative outcome is more likely than in a single-round game.
Place point C on the graph to indicate where the United States economy operated in 1997.
Which of the following is NOT a device to reduce transaction costs?
A. auto dealers located close together B. government prohibitions on advertising C. banks that direct funds from savers to borrowers D. shopping centers