If a 1 percent increase in price causes a 0.5 percent increase in quantity supplied, then supply is

Which of the following accurately describes the relationship between excess reserves and checkable deposits following the financial crisis of 2007-2009?

A) Excess reserves declined as the excess reserve ratio returned to near zero. B) Excess reserves rose to nearly one-third of checkable deposits. C) Excess reserves approached the same level as checkable deposits. D) Excess reserves exceeded checkable deposits.

Cooperation in prisoner's dilemma-type games:

A. always benefits the players and the public. B. always benefits the players, but does not always benefit the public. C. doesn't always benefit the players, but always benefits the public. D. doesn't always benefit the players or the public.