Suppose a bank has $100,000 in checking account deposits with no excess reserves and the required reserve ratio is 5 percent. If the Federal Reserve lowers the required reserve ratio to 3 percent, then the bank will now have excess reserves of

When expectations cause people to discriminate against a certain group, it is referred to as:

A) preferential bias. B) implicit discrimination. C) statistical discrimination. D) taste-based discrimination.

A supply curve shows

A) the marginal cost of producing one more unit of a good or service. B) the marginal benefit from buying one more unit of a good or service. C) the quantities sold at different prices. D) the total cost of producing different quantities of a good or service.