If the price of beef rises and consumers buy more chicken and less beef, what kind of bias does the consumer price index exhibit?

A U.S. fast food restaurant chain sells dollars for Argentinean pesos and then uses the pesos to buy Argentinean beef. Which of the following do these transactions increase?

a. Argentinean net capital outflow and Argentinean net exports b. only Argentinean net exports c. only Argentinean net capital outflow d. neither Argentinean net exports nor Argentinean capital outflow

Suppose the reserve requirement is 10 percent. If a bank has $5 million of checkable deposits and actual reserves of $500,000, the bank:

A. can safely lend out $500,000. B. can safely lend out $5 million. C. can safely lend out $50,000. D. cannot safely lend out more money.