Using the above table, the market clearing price is ________ and equilibrium quantity is ________.
A. $150; 150
B. $70; 150
C. $55; 80
D. $60; 150
Answer: D
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If bankers become more uncertain regarding future deposits and withdrawals and choose to hold more excess reserves against deposits, the money multiplier will increase
Indicate whether the statement is true or false
If capital demand shifts to shorter lived equipment, then
A) net investment will fall. B) net investment will increase. C) net investment will not change. D) the effect on net investment is unknown.
In 1790, there were only three banks in the U.S. By 1811, there were 88 . Most of these new banks were:
a. created and operated by the federal government. b. created and operated by state and local governments. c. private-sector, state-chartered banks. d. branches of banks with English charters.
In many cities, garbage collectors earn more than social workers. What could explain this wage differential?
a. Social work provides more nonmonetary rewards than garbage collecting does. b. There is a greater demand for social workers. c. There is a greater supply of trash collectors. d. Collecting garbage requires less skill. e. Social work is a less prestigious profession.