If reserves increase by $4 million and the required reserve ratio is 8%, what is the resulting change in checkable deposits (or the money supply), assuming that there are no cash leakages and that banks hold zero excess reserves?

In the 1950s the interest rate on three-month Treasury bills fluctuated between 1 percent and 3.5 percent; in the 1980s it fluctuated between ________ percent and ________ percent

A) 5; 15 B) 4; 11.5 C) 4; 18 D) 5; 10

If politicians decide to proceed with protection, why might economists prefer tariffs to quotas? Explain at least three reasons

What will be an ideal response?