If the required reserve ratio is 20 percent and the Fed buys a $10,000 security from a depository institution that currently has no excess reserves, the money supply:
a. decreases by $10,000.
b. increases by $5,000
c. decreases by $5,000.
d. increases by $50,000.
e. decreases by $50,000.
d
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How do economists view positive statements?
a. affirmative, justifying existing economic policy b. optimistic, putting the best possible interpretation on things c. descriptive, making a claim about how the world is d. prescriptive, making a claim about how the world ought to be
Refer to the data sets. Which of the data sets would graph as an upsloping line?
Answer the question on the basis of the following five data sets, wherein it is assumed that the variable shown on the left is the independent variable and the one on the right is the dependent variable. Assume in graphing these data that the independent variable is shown on the horizontal axis and the dependent variable on the vertical axis.
| (1) | (2) | (3) | (4) | (5) | |||||
| J | K | L | M | N | P | R | T | U | V |
| 0 | 10 | 0 | -15 | 100 | 40 | 0 | -15 | 0 | 0 |
| 40 | 20 | 30 | -5 | 80 | 50 | 20 | -25 | 5 | 10 |
| 80 | 30 | 60 | 5 | 60 | 60 | 40 | -35 | 10 | 20 |
| 120 | 40 | 90 | 15 | 40 | 70 | 60 | -45 | 15 | 30 |
| 160 | 50 | 120 | 25 | 20 | 80 | 80 | -55 | 20 | 40 |
| 200 | 60 | 150 | 35 | 0 | 90 | 100 | -65 | 25 | 50 |
Refer to the data sets. Which of the data sets would graph as an upsloping line?
A. 1 only.
B. 1, 2, and 3 only.
C. 4 and 5 only.
D. 1, 2, and 5 only.