If the potential money multiplier in the U.S. is 4, then a simple $1 increase in demand deposits—say a young child opening up her very own checking account—can potentially create demand deposits (including the child's $1) of
a. $40.00
b. $4.00
c. $2.50
d. $0.40
e. $0.25
B
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Define money and list its functions
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The above figure shows the marginal benefits and marginal costs of a college education. If no subsidies are paid, enrollment equals
A) 0. B) 10 million. C) 15 million. D) 25 million.
An increase in output due to either a positive supply or demand shock to production will lead to ________
A) an increase in the demand for labor and higher real wages B) a decrease in the demand for labor and higher real wages C) an increase in the demand for labor and lower real wages D) a decrease in the demand for labor and lower real wages
A second-price auction
a. is also called an English auction b. is where the highest bidder wins and pays the amount of the next highest bid c. is where the sole remaining bidder wins and pays his winning bid d. all of the above