Buchanan and Wagner assert that there is a political bias toward contractionary fiscal policy and not expansionary fiscal policy

In 2014, the price of peanuts was rising, which lead peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future. In the current market for peanut butter, the price falls and the quantity decreases

This set of results means that A) supply decreased by more than demand increased. B) demand increased by more than supply decreased. C) demand increased by more than supply increased. D) supply decreased by more than demand decreased.

The required reserve ratio is 10 percent, and the potential change in demand deposits is $100 million. What are original excess reserves?

A) $10 million B) $100 million C) $1 million D) $1 billion