Assume that the reserve requirement is 25 percent. If the Federal Reserve buys $2,500 worth of bonds, the largest possible increase in the money supply is $
If someone deposits in a bank $2,500 that she had been hiding in her cookie jar, the largest possible increase in the money supply is $
All other things equal, if the Federal Reserve buys $2,500 worth of bonds, the money supply will expand than if someone deposits in a bank
$2,500 that she had been hiding in her cookie jar.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.