If reserves in the banking system increase by $100, then checkable deposits will increase by $1000 in the simple model of deposit creation when the required reserve ratio is
A) 0.01.
B) 0.10.
C) 0.05.
D) 0.20.
B
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Which of the following is not an important antitrust law?
A) the Sherman Act of 1890 B) the Clayton Act of 1914 C) the Consumer Protection Act of 1932 D) the Federal Trade Commission Act of 1914 E) None of the above are antitrust laws.
Exhibit 6-3 Marginal utility data for goods X and Y Units of good X Marginal utility ofgood X Units of good Y Marginal utility ofgood Y 1 20 1 14 2 16 2 12 3 12 3 10 4 8 4 8 5 4 5 6 As shown in Exhibit 6-3, assume that the price of both goods is $1 per total unit, and your budget is $8. If you consume 4 units of good X and 1 unit of good Y. To maximize utility, you should consume:
A. less of both X and Y. B. more of X and less of Y. C. less of X and more of Y. D. more of both X and Y.