The amount of money ultimately created per dollar deposited when people hold no cash is found using the:
A. excess reserve ratio.
B. required reserve ratio.
C. money demand ratio.
D. money multiplier.
Answer: D
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On-the-job experience causes labor productivity to increase through an improvement in human capital
a. True b. False Indicate whether the statement is true or false
Assuming the standard assumptions, in a repeated-play ultimatum game, the first player's best strategy in the last round is to:
A. split the money evenly with a bit more going to him or herself. B. take all the money for oneself. C. give the most money to the opponent. D. give the most money to oneself.
Borrowing VCU3 from an online company cause the nation's:
a. M2 money supply to remain the same. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to fall.
Which would be an implicit cost for a firm? The cost:
A. Of worker wages and salaries for the firm B. Paid for leasing a building for the firm C. Paid for production supplies for the firm D. Of wages foregone by the owner of the firm