In the market for bank reserves, the supply of reserves is
A. a downward sloping curve.
B. an upward sloping curve.
C. a horizontal curve.
D. none of these.
Answer: D
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In the United States between the 1970s and the 2000s, the productivity of labor increased. This increase led to
A) an increase in the demand for labor. B) no change in either the demand for or the supply of labor. C) a decrease in the supply of labor. D) a downward shift of the production function. E) an increase in the supply of labor.
With the debris of more than 50 years of climbing on the beautiful high slopes — oxygen canisters, tents, backpacks and even some bodies — Mount Everest has been called the world's highest garbage dump
If Everest is a common resource, currently there is an ________ of the mountain. A) inefficient underuse B) efficient overuse C) efficient underuse D) inefficient overuse
The urban consumers that the CPI is based on includes:
A. institutionalized persons. B. incarcerated persons. C. persons in the military. D. the CPI does not include any of these.
Studies show that, in the United States,
A) price elasticity of demand for agricultural products has hovered around 3.2 for many years. B) as real income has been increasing, the per-capita demand for food has been decreasing. C) as real income has been increasing, the per-capita demand for food has been increasing by much more. D) none of the above