If a bank's required reserves equal $270,000 . Suppose the bank holds no excess reserves, and the reserve requirement is equal to 18 percent, what is the value of the bank's total deposits?

If featherbedding raises the price of output produced by the union workers, it

a. increases employment at the firm and in the industry b. decreases employment at the firm and in the industry c. increases employment at the firm but may decrease it in the industry d. decreases employment at the firm and increases it in the industry e. increases employment at the firm but reduces the number of firms so that there is no net effect on industry employment

Factories and machines are examples of:

A. capital goods. B. consumption goods. C. non-market goods. D. value-added goods.