Fixed investment includes spending on all of the following goods except:
a. machinery

Economists are reluctant to state that price controls are desirable or undesirable because

A) whether the gains from the winners exceed the losses from the losers is not strictly an economic question. B) it is impossible to evaluate the impact on quantity demanded and quantity supplied as a result of price controls. C) sometimes price controls result in increases in economic efficiency and sometimes they result in decreases in economic efficiency. D) economists are reluctant to conduct positive analysis of price controls.

What is the maximum amount a bank can lend?

A) its total reserves B) its excess reserves C) its excess reserves divided by the required reserve ratio D) the value of its checkable deposits times the required reserve ratio