The law of demand implies that, other things remaining the same,
A) as the price of a cheeseburger rises, the quantity of cheeseburgers demanded increases.
B) as the demand for cheeseburgers increases, the price of a cheeseburger falls.
C) as the price of a cheeseburger rises, the quantity of cheeseburgers demanded decreases.
D) as more people demand cheeseburgers, the quantity demanded increases.
E) as income increases, the quantity of cheeseburgers demanded increases.
C
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If a bank receives a new demand deposit of $10,000 . and the legal reserve requirement is 20 percent, then the bank can lend out
a. $2,000 b. $10,000 c. $40,000 d. $8,000 e. $0
The "Buy American" provision in the 2009 stimulus package required that stimulus money be spent only on U.S.-made goods, effectively acting as a quota of zero imports when stimulus money was being spent. In the market for steel, the "Buy American"
provision would ________ the price of steel in the United States and ________ the quantity of steel demanded in the United States. A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease