When you borrow stock from a broker and sell it now with plans to buy it back after it drops in price, you are engaging in a

Refer to the scenario above. Which among the following is a possible outcome if the number of bidders decreases to 45?

A) There will be no change in the outcome of the auction. B) The optimal bid for Molly will now be $831.11. C) The optimal bid for Molly will now be $745. D) The optimal bid for Molly will now be $845.

For many years after the Great Depression, economists believed a central bank policy of increasing bank reserves in response to a recession would be

A) largely ineffective. B) the opposite of what the circumstances required. C) useless unless it also raised interest rates. D) useless unless it was accompanied by declining prices.