Consider the same market for nonalcoholic beer as in the previous question. How many units will Boors produce in the Nash equilibrium?

A simplified representation of the real world that is used to explain economic phenomena is a(n)

A) viewpoint. B) model. C) assumption. D) implication.

If the required reserve ratio (RRR) is 10 percent and the Fed sells a $5,000 bond to an individual who pays for it with a check, the money supply will

a. not change b. decrease by $4,500 c. increase by $4,500 d. decrease by $5,000 e. increase by $5,000