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Author Question: Everything else remaining unchanged, if the demand curve for reserves shifts to the left and ... (Read 89 times)

Charlie

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on: Jun 30, 2018
Everything else remaining unchanged, if the demand curve for reserves shifts to the left and borrowed reserves is zero:
 
  A) there will be a decrease in both the federal funds rate and the quantity of reserves.
  B) there will be a decrease in the federal funds rate but no change in the quantity of reserves.
  C) there will be an increase in the federal funds rate but no change in the quantity of reserves.
  D) there will be an increase in both the federal funds rate and the quantity of reserves.

Question 2

What would be an example of a consumption good?
 
  A) Donald Trump purchases furniture for his office.
  B) Antonio, the manager of the local Taco Hut, purchases a new deep fryer.
  C) Jake buys an iPhone.
  D) The local driver's license office purchases a new digital camera and printer.
  E) Rhianna gets a haircut.


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meryzewe

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


Charlie

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

sarah_brady415

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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