Suppose you deposit $1,000 cash in your checking account at a bank. If the bank is loaned up and if the required reserve ratio is 10%, the maximum amount that the bank can lend now, following your deposit is
A) $100.
B) $900.
C) $1,000.
D) $10,000.
Ans: D) $10,000.
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All of the following actions are potential rule -of-reason violations except which one?
A) a tying sale with a customer B) an exclusive dealings contract with a customer C) an agreement with a competitor firm not to bid on a contract D) a firm's agreement with a customer about the resale price of its product
What is the amount of tariff imposed on a ton of sugar?
A. $1 B. $1,000 C. $500 D. $50
The aggregate demand curve of an economy illustrates the relationship between _____
Fill in the blank(s) with the appropriate word(s).
Refer to the figure. Which of the following is true?
A. At a price of $8, there would be excess demand for pizza. B. At a price of $5, there would be neither excess demand for nor excess supply of pizza. C. At a price of $10, there would be neither excess demand for nor excess supply of pizza. D. At a price of $0.50, there would be excess supply of pizza.