If the Fed were to lower the required reserve ratio,
A) excess reserves would decrease.
B) excess reserves would increase.
C) there would be no effect on the level of excess reserves.
D) there would tend to be no effect on the nation's money supply.
B
Economics
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Differentiate between an oligopoly and a monopolistic competition on the basis of the number of firms and the degree of product differentiation
What will be an ideal response?
Economics
A new car in the dealer's showroom had a sticker price of $35,900. Sally liked the car but decided she would pay no more than $32,000 for it, otherwise she would do without it. After haggling with the dealer, she purchased the car for $31,500
Did she gain any consumers surplus? If so, how much? If not, why not?
Economics