A key reason that Congress established the Fed to act as a lender of last resort was to prevent ________, the process by which a run on one bank spreads to other banks, resulting in a bank panic

Kelly's marginal utilities for magazines and packages of gummy bears are listed in the table above. What is the extra utility received by Kelly when she decides to consume 3 packages of gummy bears instead of 2 packages?

A) 20 B) 160 C) 180 D) 540

In the figure above, if price INCREASES from $40 to $60, an arrow representing the PRICE effect

A. will point upward. B. will point downward. C. will be longer than (and in opposite direction of) the arrow representing the quantity effect. D. will be shorter than (and in the opposite direction of) the arrow representing the quantity effect. E. both a and c