In the market depicted in the above figure, if a single-price monopoly maximizes its profit, which area shows the consumer surplus?

In general, a higher real wage rate decreases the quantity of labor supplied because fewer people enter the labor force

Indicate whether the statement is true or false

A single bank with $10,000 of reserves and a reserve ratio of 25 percent could support total transactions account balances of at most

A. $25,000. B. $5,000. C. $10,000. D. $40,000.