According to this Application, the Fed injected large amounts of reserves into banks during the 2008 financial crisis. The Fed needs to make sure that, in the long run, banks do not loan out too many of these reserves or the result will be
A) additional unemployment. B) higher inflation.
C) higher interest rates. D) a smaller money multiplier.
B
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Buffalo Wild Wings CEO Sally Smith decided to spend more than $200 million on restaurant renovations in an attempt to attract more lunch customers and more families
Like CEOs of other monopolistically competitive firms, Smith knew that without innovating A) her firm would become perfectly competitive. B) her firm had no chance of remaining in business. C) her firm would eventually earn an accounting profit of zero. D) her firm's profits would eventually be competed away by other firms.
The figure below represents the domestic market for wheat in a small country. Imports of wheat are prohibited.
At a world price of $160 per bushel, the country produced ________ bushels of wheat and exported ________ bushels of wheat.
A. 120; 80 B. 60; 120 C. 120; 60 D. 150; 120