If the required reserve ratio is .10, demand deposits are $200 million, and total reserves are $40 million, then excess reserves are

Refer to Table 20-1. The unemployment rate for this simple economy equals

A) (100/1,000 ) × 100. B) (100/15,000 ) × 100. C) (100/1,100 ) × 100. D) (100/20,000 ) × 100.

Behavioral economists have discovered that

A) transitivity of preferences always holds, even in animals. B) the law of demand does not hold in controlled experiments. C) transitivity of preferences does not always hold, especially for young people. D) reflexivity of preferences is not true.