Now recall that the long-run world oil demand equation is Upper Q equals 41.6 minus 0.12 Upper P and the long-run total oil supply equation is Upper Q equals 26.3 plus 0.071 Upper P. The long-run equilibrium price is $80.10 and the long-run equilibrium quanity is 31.99 bb/yr. Continue to consider a 2.00 bb/yr reduction in oil supply by Saudi Arabia. As a result of this change in supply, the long-run equilibrium price of oil would be increase/decrease by how much in dollars?

Torino company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. the company paid total cash dividends of $3,500 in its first year of operation. the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

What happens when a bank is required to hold more money in reserve?

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.