Excess reserves equal total reserves plus required reserves
a. True
b. False
Indicate whether the statement is true or false
False
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A tax that causes the price that producers receive for a commodity to deviate from the buyer's price is
A. an unit tax. B. a compensated tax. C. an income tax. D. a price-distorting tax.
Which of the following is more likely to have perfectly elastic or nearly perfectly elastic demand?
A) a textbook required for an economics course B) the guitar produced by a master craftsman C) cotton produced by a Texas farmer D) the services offered by the only allergist in the community
Which of the following income maintenance programs is designed to establish nationwide minimum incomes for the aged, the blind, and the disabled?
A) the Old-Age Survivors' and Disability Insurance (OASDI) program B) the Supplemental Security Income (SSI) program C) the Temporary Assistance to Needy Families (TANF) program D) the food stamps program
Anything that makes it more difficult to exchange one currency for another tends to
A. increase the price of imports. B. decrease the price of imports. C. decrease the price of exports. D. all of the options are correct.