Tax revenues increase in direct proportion to increases in the size of the tax

The Fed buys $100 million U.S. government securities from Bank of America. Bank of America's balance sheet shows this transaction as ________ in total assets and ________ in reserves

A) no change; a $100 million decrease B) no change; a $100 million increase C) a $100 million increase; no change D) a $100 million increase; a $100 million increase E) a $100 million decrease; a $100 million decrease

If firms compete in a Cournot fashion, then each firm views the:

A. output of rivals as given. B. profits of rivals as given. C. prices of rivals as given. D. All of the statements associated with this question are correct.