The cost-of-living adjustments that are included in the wage contracts protect:
a. businesses from unexpected inflation.
b. workers from unexpected inflation.
c. workers from expected inflation.
d. employers from unexpected inflation.
e. consumers from expected inflation.
b
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A bank reports reserves of $100,000, government securities of $250,000, loans of $750,000, checkable deposits of $900,000, and owners' equity of $200,000
The desired reserve ratio is 10 percent and the bank wants to hold as reserves only the amount it is required to hold. What is the amount of excess reserves for this bank? Show your work.
Assuming that beer is a normal good, what will happen to the demand for beer near college towns if student income increased?
a. Demand will fall because students love these beers b. Demand will fall c. Demand will rise d. Supply would rise