When the Fed is ________ it is ________
A) adjusting the amount of money in circulation; issuing government bonds
B) issuing government bonds; conducting monetary policy
C) adjusting the amount of money in circulation; conducting monetary policy
D) regulating the nation's financial institutions; conducting monetary policy
C
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Suppose a bank is exactly meeting its desired reserve ratio of 10 percent and a new deposit of $75,000 is made. Immediately after the deposit is made, the bank's excess reserves equal
A) zero. B) $7,500. C) $67,500. D) It is impossible to determine without additional information.
The marketing division of a firm has measured demand for its product and reports that it is 2Q = 24 ? P, where Q is units and P is price per unit in dollars. The cost is given in the table below. Complete the table and determine the profit-maximizing level of output for this firm. OutputTotal CostPriceRevenueProfit010__________ _____ 118__________ _____ 220 __________ _____ 322__________ _____ 425__________ _____ 529__________ _____ 634__________ _____ 740__________ _____ 848__________ _____
What will be an ideal response?