In the postwar era, the federal budget has typically been ________

The sum of currency and reserves of depository institutions is the ________

A) reserves of the Fed B) assets of the Fed C) monetary base D) vault cash

Refer to Table 4-3. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the price of polo shirts increases from $15 to $20

A) producer surplus will rise from $13 to $28. B) there will be a surplus of polo shirts. C) the marginal cost of producing the third polo shirt will increase to $20. D) consumers will buy no polo shirts.