Refer to the scenario above. Which of the following statements will hold true if the starting bid is $300?
A) Everyone except Bob will take part in the auction.
B) Everyone will take part in the auction.
C) Only Bob will take part in the auction.
D) Everyone except Joe will take part in the auction.
A
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Suppose Bill Gates deposits $20 million into his checking account at Wells Fargo Bank. If the required reserve ratio is 10 percent, what is the maximum change in money supply?
A) -$200 million B) -$180 million C) $2 million D) $180 million E) $200 million
When Pepsi is considering a price hike, it needs to consider how Coke may react. This situation is called:
a. mutual interdependence. b. price leadership. c. collusion. d. monopolistic competition.
If the crowding-out effect is strong, how will the potency of discretionary fiscal policy be affected?
a. It will make fiscal policy more potent. b. It will make fiscal policy less potent. c. The potency of fiscal policy will be unaffected. d. The potency of contractionary will be reduced.
1998 appears to have been a year of
Consider the following hypothetical annual growth rates of real GDP:
a) economic expansion
b) recession
c) depression
d) growth recession
e) stagflation