If the desired reserve-deposit ratio is 0.25 and the banking system receives an additional $10 million in reserves, bank deposits will increase by:

The ratio of the change in consumption to the change in disposable income is called the

A) marginal utility of consumption. B) average utility of consumption. C) marginal propensity to consume. D) average propensity to consume.

Let D = demand, S = supply, P = equilibrium price, Q = equilibrium quantity. What happens in the market for solar panels if the government offers tax breaks to encourage manufacturers to produce more solar panels?

A) D increases, S no change, P and Q increase. B) S increases, D no change, P decreases, Q increases. C) D and S increase, P and Q decrease. D) D no change, S increases, P decreases, Q decreases.