The seven Fed governors, the president of the Federal Reserve Bank of New York, and four of the presidents of the other regional Federal Reserve Banks constitute the:

If required reserves are $150 and deposits are $1000, what is the required reserve ratio?

A) 10 percent B) 15 percent C) 5 percent D) 85 percent

The inefficiency in a monopolistic competitive firm is accepted because of which of the following?

a. There is nothing that can be done to avoid the deadweight loss. b. The government creates the differentiation. c. Consumers like the variety differentiation produces. d. Consumers do not like the variety differentiation produces.