The graph shown demonstrates a tax on sellers. How many fewer units are being sold due to the imposition of a tax on this market?
A. 15
B. 16
C. 31
D. 37
B. 16
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Suppose Fed’s purchase of government bonds results in a $140,000 increase in the excess reserves of a particular bank. What would be the applicable reserve requirement for the whole banking system to be able to expand the money supply by $560,000?
a. 4 percent b. 12 percent c. 16 percent d, 20 percent e. 25 percent
The higher the reserve requirement, the lower the money multiplier.
Answer the following statement true (T) or false (F)
Which of the following will cause a real appreciation?
A) a reduction in E B) a decrease in P C) an increase in P D) none of the above
Economists working for Uber, along with economists from the University of Oxford and the University of Chicago, estimated the consumer surplus attributed to Uber. For the 4 largest U.S. markets, these economists estimated that the total consumer surplus
from Uber in 2015 was A) almost $0. B) $13.30 per customer. C) $2.88 billion. D) 6.76 billion.