A bank's assets consist of $1,000,000 in total reserves, $2,100,000 in loans, and a building worth $1,200,000 . Its liabilities and capital consist of $3,000,000 in demand deposits and $1,300,000 in capital. If the required reserve ratio is 20 percent, what is the level of the bank's excess reserves? How much could it loan out as a result?

An increase in the unemployment rate may be represented as a movement from a point on the production possibilities frontier to a different point on the frontier

Indicate whether the statement is true or false

A single-payer system, in which the government pays for all medical expenses for everyone, would eliminate all of the following problems EXCEPT the

A. uncertainty problem. B. third-party payer problem. C. adverse selection problem. D. poverty problem.