Which of the following is likely to happen if the reserves held at the Fed by the private banks decrease?
A) Banks will make more loans. B) The M2 measure of money will decrease.
C) The nominal interest rate will decrease. D) Labor demand will increase.
B
Economics
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The figure above shows the situation facing Smart Digit, Inc, a firm in monopolistic competition that produces calculators. The firm's markup is ________ per calculator
A) zero B) $2 C) $4 D) $6
Economics
Advocates of the minimum wage
a. deny that the minimum wage produces any adverse effects. b. emphasize the benefits to teenagers of increases in the minimum wage. c. emphasize the low annual incomes of those who work for the minimum wage. d. All of the above are correct.
Economics