When the Fed buys U.S. government securities from a member bank, that bank's excess reserves, required reserves, and total reserves all increase

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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When the marginal revenue curve cuts the horizontal axis,

A) demand is relatively elastic. B) demand is relatively inelastic. C) demand is perfectly elastic. D) demand is unitary elastic.

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Indexing Social Security payments is done using the:

A. CPI. B. PPI. C. GDP deflator. D. RPI.

Economics