The public, by raising the currency-to-deposit ratio, ________ the deposit creation multiplier, ________ the money supply
A) raises, and raises
B) raises, yet does not affect
C) lowers, yet does not affect
D) lowers, and lowers
E) does not affect, yet raises
D
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If you have $5000 and the GDP deflator decreases from 100 to 80
A) the $5000 will buy 20 percent more of the goods and services produced by society. B) the value of the $5000 remains constant. C) the $5000 will buy 20 percent less of the goods and services produced by society. D) the value of the $5000 decreases.
An effective minimum wage tends to
A) increase the supply of unskilled labor. B) decrease the demand for unskilled labor. C) create a surplus of unskilled labor. D) accomplish all of the above. E) accomplish none of the above.
Which of the following is the best example of an oligopoly?
A. area restaurants B. the automobile industry C. agricultural markets free of government support D. local utilities
Table 10.2Table 10.2 contains price, demand, and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its total profit under the student discount policy?
A. $450 B. $550 C. $600 D. $650