If total spending rises from one year to the next, then the economy must be producing a larger output of goods and services
a. True
b. False
Indicate whether the statement is true or false
False
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Auditors working for a large accounting firm are often away from the office. When they are in the office, they are allowed to use any desk that is available. Which method is used to allocate desks?
A) lottery B) first-come, first-served C) command D) contest E) sharing equally
If the currency drain ratio is 30 percent and the desired reserve ratio is 10 percent, the money multiplier is
A) 0.80. B) 1.25. C) 3.25. D) 5.00. E) 10.0.
Suppose the table below describes the relationship between price and quantity demanded for a monopolist.QuantityPrice1$102$93$84$75$66$57$48$3 If the marginal cost of producing each unit of output is $5, then this monopolist maximizes its profit by charging ________ per unit.
A. $6 B. $5 C. $3 D. $8
If a roofer offers a one-year warranty on their work, this is an example of ________.
A) a signal B) a trademark C) profit sharing D) certification