In the Simple Deposit Expansion Model,if the Fed Purchases $100

question 167

Multiple Choice

In the simple deposit expansion model,if the Fed purchases $100 worth of bonds from a bank that previously had no excess reserves,the bank can now increase its loans by

• A)$10.
• B)$100.
• C)$100 times the reciprocal of the required reserve ratio.
• D)$100 times the required reserve ratio.

Understand the concept of comparative advantage and its implications for international trade.

Identify the effects of international trade on producer and consumer surplus.

Grasp the economic implications of autarky versus engaging in international trade.

Understand the Heckscher-Ohlin model and its predictions about trade patterns based on factor endowments.

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