Assuming the required reserve ratio is 20 percent and total reserves are set at $20 billion, then the maximum amount of deposits would be

The money supply falls from $1,200 billion to $1,160 billion. According to the simple quantity theory of money, the price level will decline by __________ percent

A) 3.33 B) 4.68 C) 5.09 D) 7.65

Other things being equal, which market structure is most likely to yield the greatest industry long-run economic profit?

A. perfect competition B. monopolistic competition C. oligopoly D. monopoly