Author Question: Whenever the Fed ________ excess reserves in the banking system, they tend to ________ the overall ... (Read 110 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
Whenever the Fed ________ excess reserves in the banking system, they tend to ________ the overall money supply.
 
  A) raises; reduce
  B) raises; increase
  C) lowers; increase
  D) lowers; stabilize

Question 2

Which of the following statements is true of the long run?
 
  A) Identical firms can enjoy positive economic profits.
  B) Identical firms face an upward-sloping supply curve.
  C) Non-identical firms can enjoy positive economic profits.
  D) Non-identical firms face a horizontal supply curve.



Tonny

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

For a complete list of videos, visit our video library