If the bidders at a first-price auction have true values of $78, $72, $66, and $65, the item will sell for

In the simple deposit expansion model, an expansion in checkable deposits of $1,000 when the required reserve ratio is equal to 20 percent implies that the Fed

A) sold $200 in government bonds. B) sold $500 in government bonds. C) purchased $200 in government bonds. D) purchased $500 in government bonds.

An unexpected rise in the LEI should send bond prices __________ and stock prices __________

A) up; up B) up; down C) down; up D) down; down