An increase in the reserve requirement ________.
A. increases the money supply by increasing excess reserves and increasing the monetary multiplier
B. decreases the money supply by increasing excess reserves and decreasing the monetary multiplier
C. decreases the money supply by decreasing excess reserves and decreasing the monetary multiplier
D. increases the money supply by decreasing excess reserves and decreasing the monetary multiplier
Answer: C
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A price discriminating firm will tend to charge a ________ price for the category of customer with the ________ elasticity of demand
A) higher; higher B) higher; lower C) lower; lower D) 100 percent markup; infinite
The used car market is
A. used to describe the "lemons" problem. B. an example of what happens when there is an imbalance of information present in a market. C. subject to the problem of adverse selection. D. All of these statements are true.
The regulatory agency with oversight responsibility for the pharmaceutical industry is the
a. IRS. b. FDA. c. SEC. d. ITC. e. ATT.
A major advantage of the corporate form of business organization is the limited personal liability of the owners
a. True b. False