Which of the following questions is a topic that would be studied by microeconomics?
A) Why did production and the number of jobs shrink in 2009?
B) Will the current budget deficit affect the well-being of the next generation?
C) How will a lower price of digital cameras affect the quantity of cameras sold?
D) What is the current unemployment rate in the United States?
Question 2
The part of a commercial bank's reserves that are larger than desired are called
A) additional reserves.
B) required reserves.
C) excess reserves.
D) nonrequired reserves.
E) unnecessary reserves.