Net investment is
A. GNP minus final sales.
B. gross investment minus depreciation.
C. gross investment plus depreciation.
D. depreciation minus gross investment.
Answer: B
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Assuming all excess reserves are loaned out, if the reserve ratio is 25 percent, the money multiplier will be equal to
A) 0.5. B) 2.5. C) 4. D) 5.
Developments which marked the beginning of the modern period of Western Europe around the year 1500 did not include which of the following?
(a) The rise of nation states and decline in power of the feudal nobility (b) The Protestant Reformation (c) Creation of national markets, commercial growth and exploration abroad (d) The rise of Islam to centralized power in North America
If your salary doubled and the cost of living doubled, then your real wage rate would _______.
Fill in the blank(s) with the appropriate word(s).
Briefly describe how competition may reduce discrimination. Give an example.
What will be an ideal response?