Professional baseball teams in the United States use only wooden bats. If aluminum bats were permitted, the likely result would be a
a. shift in the supply curve for aluminum bats.
b. shift in the supply curve for wooden bats.
c. change in the quantity supplied of aluminum bats.
d. persistent shortage of aluminum bats.
c
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Bank reserves are:
A. currency and customer checking deposits. B. cash and similar assets held to meet depositor withdrawals or payments. C. any asset used to purchase goods and services. D. currency, customer checking and savings deposits.
The market supply curve is also the
A) marginal social cost curve. B) marginal value curve. C) marginal social benefit curve. D) maximum-supply-price curve.
Monetary policy can have substantial effects on the economy even when nominal interest rates are very low
A) since real rates are what affects borrowing and spending decisions. B) by improving borrower and bank balance sheets. C) by reducing transactions costs. D) only when the policy is substantial.
If someone had money in a bank, but did not care if their bank invested in risky assets, this would be considered an example of:
a. public good b. externality c. irreversible decision d. moral hazard e. rent seeking