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.

Economics

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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.

Economics

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.

Economics

Place point C on the graph to indicate where the United States economy operated in 1997.

Economics

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

Economics