The money multiplier works best if all transactions in the economy are made through the banking system
a. True
b. False
Indicate whether the statement is true or false
True
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What is the Herfindahl-Hirschman Index if the four firms in an industry account have market shares of 62 percent, 15 percent, 15 percent, and 8 percent?
A) 100 B) 4,358 C) 111,600 D) 2,822 E) 6,200
Which one of the following groups benefits from inflation?
a. Borrowers. b. Savers. c. Landlords. d. Lenders.
If nominal GDP increased from $4 billion to $5 billion while real GDP increased from $3 billion to $4 billion, it follows that:
A. real output rose and price level fell. B. the price level and real output increased at the same rate. C. the price level increased at a faster rate than real output. D. the price level rose by 25 percent.
Mass marketing is
A) advertising that permits a consumer to follow up directly by searching for more information and placing direct product orders. B) advertising that targets a specific audience and allows the consumer to follow up directly by placing direct product orders usually through television or radio. C) advertising targeted at specific consumers. D) advertising intended to reach as many consumers as possible.