________ in the desired reserve ratio will ________ the money multiplier
A) An increase; have no effect on
B) An increase; decrease
C) A decrease; decrease
D) A decrease; will have no effect on
B
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The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Euro ________ against the U.S. dollar, the Japanese yen ________ against the U.S
dollar and the Canadian dollar ________ against the U.S. dollar A) depreciated, depreciated, depreciated B) appreciated, depreciated, appreciated C) appreciated, appreciated, appreciated D) depreciated, depreciated, appreciated
Monopolistic competition is similar to
a. perfect competition because the firms face downward-sloping demand curves and can earn only a normal profit in the long run b. pure monopoly because the firms face downward-sloping demand curves and can earn only a normal profit in the long run c. perfect competition because the firms face downward-sloping demand curves and similar to pure monopoly in that the firms can earn only a normal profit in the long run d. pure monopoly because the firms face downward-sloping demand curves and similar to perfect competition in that the firms can earn only a normal profit in the long run e. pure monopoly because the firms face downward-sloping demand curves and can earn an economic profit in the long run
The term "present value" refers to the future value of present day money.
A. True B. False C. Uncertain
Which of the following statements is correct?
a. The establishment of property rights sometimes gives rise to market failure. b. The absence of property rights sometimes gives rise to market failure. c. In the context of public goods, the Coase theorem implies that total surplus in some markets can be improved by the elimination of property rights. d. Government regulation of private behavior, in response to market failure, can never improve social well-being.