Which of the following statements concerning the First Bank of the United States is not true?
a. Its creation was proposed by Alexander Hamilton.
b. States' rights advocates opposed its creation.
c. It could present state bank notes to the state banks for payment in specie.
d. It was the first central bank in the world.
e. It was able to control the money supply.
D
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The slope of the supply curve of reserves can be attributed to the fact that:
A) quantity supplied of reserves decreases with the federal funds rate. B) the supply of reserves is arbitrarily set by the World Bank. C) the Fed fixes the supply of reserves. D) quantity supplied of reserves increases with the federal funds rate.
If bad drivers can usually avoid being ticketed by the police, then insurance companies will
A) use one's driving record as a signal. B) use one's driving record as a screening device. C) not be able to use one's driving record as a screening device. D) request driving records directly from the police and not from the individual applicant.
A subsidy to buyers has been placed on the market in the graph shown. What is the amount of the subsidy per unit of this good?
A. $22
B. $16
C. $10
D. $6
Refer to the above graphs. Which pairs of budget constraints represent only a decrease in the price of good A, but no change in income or change in the price of good B?
A. Graph A B. Graph B C. Graph C D. Graph D