U.S. Treasury deposits at the Federal Reserve Banks are:
A. A liability of the Federal Reserve Banks and the U.S. Treasury
B. An asset of the Federal Reserve Banks and the U.S. Treasury
C. A liability of the Federal Reserve Banks and an asset for the U.S. Treasury
D. An asset of the Federal Reserve Banks and a liability for the U.S. Treasury
C. A liability of the Federal Reserve Banks and an asset for the U.S. Treasury
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Rank the following goods from most elastic to least elastic: The Economic Way of Thinking (11th ed.), economics textbooks, textbooks
A) The Economic Way of Thinking (11th ed.), economics textbooks, textbooks B) The Economic Way of Thinking (11th ed.), textbooks, economics textbooks C) Economics textbooks, The Economic Way of Thinking (11th ed.), textbooks D) Textbooks, economics textbooks, The Economic Way of Thinking (11th ed.) E) None of the above.
The price elasticity of supply of hot dog buns is estimated to be 1.5. Holding everything else constant, this means that a 10 percent decrease in the price of hot dog buns will cause the quantity of hot dog buns supplied to decrease by
A) approximately 25 percent. B) 1.5 percent. C) approximately 5 percent. D) 15 percent.