The recession of 2007-2009 was the most severe economic downturn in the U.S. since the

In the simple deposit expansion model, an expansion in checkable deposits of $1,000 when the required reserve ratio is equal to 10 percent implies that the Fed

A) sold $1,000 in government bonds. B) sold $100 in government bonds. C) purchased $1000 in government bonds. D) purchased $100 in government bonds.

The firm that cheats in a cartel receives a higher profit because it suffers only a fraction of the loss caused by the lower product price

a. True b. False Indicate whether the statement is true or false