Assume that excess reserves are $10 million, demand deposits are $500 million, and total reserves are $135 million. The required reserve ratio is
A) .05.
B) .1.
C) .2.
D) .25.
D
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According to the textbook authors, pollution is a growing "social" problem because
A) only society, rather than individuals, pollutes. B) pollution is inefficient. C) pollution is economically efficient. D) more people are beginning to question the moral and legal rights of polluters.
At any point where a monopolist's marginal revenue is positive, the downward-sloping straight-line demand curve is:
a. perfectly elastic. b. elastic, but not perfectly elastic. c. unit elastic. d. inelastic.
Pure monopoly is not studied because of its descriptive realism, but because it is a stepping stone toward more realistic models
a. True b. False Indicate whether the statement is true or false
Which of the following is definitely true if the production possibilities curve shifts outward?
A. Aggregate supply has increased. B. Population has increased. C. GDP per capita has increased. D. Inflation has increased.