The research by Robert Hall on the theory of consumption suggests that the best forecast of consumption for next year would be

Refer to Table 14-1. Suppose a transaction changes a bank's balance sheet as indicated in the T-account, and the required reserve ratio is 10 percent. As a result of the transaction, the bank has excess reserves of

A) $0. B) $400. C) $3,600. D) $4,000.

Which of the following would cause a decrease in the equilibrium price and an increase in the equilibrium quantity of salmon?

A) a decrease in demand and a decrease in supply B) an increase in supply C) a decrease in demand and an increase in supply D) an increase in supply and an increase in demand greater than the increase in supply