An action taken by an informed party to reveal private information to an uninformed party is called

If an early frost destroys most of the apple crop, the equilibrium price of an apple ________ and the equilibrium quantity ________

A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases E) does not change; decreases

Suppose a bank has $100,000 in checking account deposits with no excess reserves and the required reserve ratio is 5 percent. If the Federal Reserve lowers the required reserve ratio to 3 percent, then the bank will now have excess reserves of

A) $0. B) $2,000. C) $3,000. D) $5,000.