If the required reserve ratio is one-third, currency in circulation is $300 billion, checkable deposits are $900 billion, and there is no excess reserve, then the monetary base is

Which of the following is NOT a part of the path-goal theory?

a. provides a clear path b. helps remove barriers to the problems c. increases the rewards along and at the end of the route d. none of the above

Which of the following statements is true of a monopolist?

a. The firm charges the highest possible price. b. The firm always earns a profit. c. The firm might earn a profit in the long run. d. The firm generates a larger consumer surplus than a perfectly competitive firm. e. The firm is more production efficient than a perfectly competitive firm.