__________ the required reserve ratio will __________ the potential for multiple expansion
A) Raising; increase
B) Lowering; decrease
C) Raising; decrease
D) None of the above.
C
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The "before and after" specification, binary variable specification, and "entity-demeaned" specification produce identical OLS estimates
A) as long as there are observations for more than two time periods. B) if you use the heteroskedasticity-robust option in your regression program. C) for the case of more than 100 observations. D) as long as T = 2 and the intercept is excluded from the "before and after" specification.
The quantity theory of money states explicitly that the:
A. value of money is determined by the overall quantity of money in existence. B. Real GDP is determined by the money supply. C. money supply is determined by the price level. D. there is no relationship between the value of money and the quantity of money in existence.
Years ago, thousands of country music fans risked their lives by rushing to buy tickets for a Willie Nelson concert at Carnegie Hall. This behavior indicates
a. the ticket price was above the equilibrium price. b. the ticket price was below the equilibrium price. c. the ticket price was at the equilibrium price. d. nothing about the equilibrium price.
If a perfectly competitive firm sells 50 units of output at a market price of $10 per unit, its marginal revenue is:
A. more than $10. B. less than $10. C. $10. D. $500.