Realistically, the impact of the multiplier is _______ the oversimplified multiplier formula.
A. lower than
B. greater than
C. equal to
D. higher if taxes are included.
Answer: A
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Comparing the American healthcare system to other industrial nations, which of the following statements is FALSE?
A. Americans are admitted to the hospital with less frequency. B. Infant mortality rates are higher than in 80 percent of the other industrial countries. C. Childhood-immunization rates in the U.S. are lower. D. The American life expectancy is above average in comparison to other industrial nations.
Based on the information in the table, the total amount of bank deposits decreased from ________ to ________ over the course of 1932. Currency held by public (in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0
A. $32.7 billion; $29.2 billion B. $37.3 billion; $34.0 billion C. $37.3 billion; $32.7 billion D. $34.2 billion; $30.8 billion
The maximum amount of money that company shareholders can lose on their investment in the corporation is:
A. whatever percent of their wealth equals their percent of ownership. B. whatever they paid for the shares in the company. C. whatever the corporation loses each year times the percent of ownership in the company. D. zero.
In which phase of the business cycle will the economy most likely experience rising real output and falling unemployment rates?
A. Expansion. B. Recession. C. Peak. D. Trough.