Suppose a bank has $3 million in excess reserves and total reserves of $10 million. A required reserve ratio of 10% is applicable to all deposits at the bank. What is the total amount of deposits at the bank?

The traditional Keynesian approach concludes that an increase in government spending

A) generates a greater increase in investment spending. B) generates a greater increase in total spending because consumption spending increases as incomes increase. C) has no effect on total spending because consumers increase saving by an equal amount. D) generates an equal increase in total spending because government spending makes up part of total spending.

If a monopolist engages in price discrimination, it is with the goal of:

a. improving goodwill with the public. b. increasing profit. c. lowering cost. d. making the demand for its good less elastic.