Assume a simplified banking system subject to a 20 percent required reserve ratio. If there is an initial increase in excess reserves of $100,000, the money supply

A. increases $100,000.
B. increases $500,000.
C. increases $600,000.
D. decreases $500,000.

increases $500,000

Economics

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The preceding table gives monthly production information for Peter's Peanuts, a firm in a perfectly competitive industry. The market price of peanuts is $2.00 per pound

If a worker costs $800 per month, how many workers will Peter employ to maximize profit? A) zero B) one C) two D) four

Economics

The United Nations' goal of reducing the global rate of extreme poverty to 15 percent by 2015 is known as the

A. Millennium Poverty Goal. B. Global Poverty Goal. C. United Nations' Poverty Goal. D. World Poverty Goal.

Economics