Total revenue for a seller represents the amount that: a. ...

[bobbysung]

Total revenue for a seller represents the amount that:
 a. sellers receive for a good or service which is computed as P  Q.
  b. sellers receive for a good or service which is computed as P Q.
  c. one buyer spends on a good or service which is computed as P Q.
  d. one buyer spends on a good or service which is computed as P  Q.

Question 2

Which of the following is false?
 a. The money supply will tend to rise when the Fed pays a lower interest rate on bank reserves.
 b. If banks never wanted to hold excess reserves, decreasing the interest rate the Fed pays on reserves would increase the money supply.
  c. If banks hold excess reserves, the actual money multiplier would be less than potential money expansion.
  d. All of the above are true

[Galvarado142]

Answer to Question 1

b

Answer to Question 2

b

[bobbysung]

Excellent

[JaynaD87]

TYSM