If an increase in the price of some goods outweighs other prices that remain constant or decrease then there is:
A. Inflation.
B. Deflation.
C. Stagflation.
D. Reflation.
A. Inflation.
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According to the Cost-Benefit Principle, you should go see the latest Star Wars movie with your friends this week-end if:
A. the benefits of seeing the movie are greater than the costs of seeing the movie. B. you have a free ticket. C. you can afford to go to the movies. D. you really like Star Wars.
A rightward shift of the investment demand curve will
A. decrease the real rate of interest. B. shift the investment schedule downward. C. decrease the quantity of investment. D. shift the investment schedule upward.
Identify the correct statement about the Fed. a. When the Federal Reserve System was established, all banks were required to become members
b. When the Federal Reserve System was established, only federally chartered banks were allowed to join. c. When the Federal Reserve System was established, only federally chartered banks were required to join. d. When the Federal Reserve System was established, most banks joined even though none were required to join. e. When the Federal Reserve System was established, membership was required for all banks in some states, but not in others.
Suppose the required reserve ratio is 10%. If a bank has total reserves of $80,000 and checkable deposits of $550,000, what is the amount of the bank's required reserves?
A) $25,000 B) $55,000 C) $80,000 D) $135,000