Excess reserves are the amount by which required reserves exceed actual reserves.
Answer the following statement true (T) or false (F)
False
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Some illegal immigrants move back and forth across the U.S.-Mexican border. But in 2012, as many as _____ million immigrants were residing continuously in the U.S.
A. 4 B. 11 C. 20 D. 29
Since the mid-1980s tariff rates in most nations have risen
Indicate whether the statement is true or false
An increase in income, holding prices constant, can be represented as:
A) a change in the slope of the budget line. B) a parallel outward shift in the budget line. C) an outward shift in the budget line with its slope becoming flatter. D) a parallel inward shift in the budget line.
A game involving two players with two possible strategies is a prisoner's dilemma if each player has a dominant strategy and:
A. each player's payoff is higher when both play their dominant strategy than when both play their dominated strategy. B. there is a Nash equilibrium that yields the highest payoff for both players. C. each player's payoff is higher when both play their dominated strategy than when both play their dominant strategy. D. neither player plays their dominant strategy.