There are five schools of economic thought that approach the analysis of employment and inflation quite differently. They are
a. classical, Keynesian, neo-Keynesian, rational expectations, and neo-classicists
b. classical, Keynesian, neo-Keynesian, rational expectations, and supply-side
c. classical, Keynesian, classical-Keynesians, rational expectations, and supply-side
d. classical, Keynesian, neo-Keynesian, adaptive expectations, and supply-side
e. neo-classical, Keynesian, neo-Keynesian, rational expectations, and supply-side
B
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Suppose a bank is exactly meeting its desired reserve ratio of 10 percent and a new deposit of $75,000 is made. Immediately after the deposit is made, the bank's excess reserves equal
A) zero. B) $7,500. C) $67,500. D) It is impossible to determine without additional information.
After acquiring closely substitutable product brands, a firm can successfully raise prices on both of the brands without losing much of its total sales because
a. Customers are insensitive to price changes b. None of these sales would be captured by its other brand c. Some of these sales lost by one brand would be captured by the other d. All of the above