The actual money multiplier multiplied by the change in total reserves is the
A) actual change in the money supply. B) potential money multiplier.
C) federal funds rate. D) discount rate.
A
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Figure 10-2
At which point in is the economy at long-run equilibrium?
a.
J
b.
F
c.
G
d.
H
The ability to produce a good or service at a lower opportunity cost than other producers is
A) absolute advantage. B) the quota system. C) intellectual property. D) comparative advantage.
Assume that the demand curve for DVD players shifts to the left and the supply curve for DVD players shifts to the right, but the supply curve shifts less than the demand curve. As a result,
A) both the equilibrium price and quantity of DVD players will decrease. B) the equilibrium price of DVD players will decrease; the equilibrium quantity may increase or decrease. C) the equilibrium price of DVD players may increase or decrease; the equilibrium quantity will increase. D) the equilibrium price of DVD players will decrease; the equilibrium quantity will increase.
When total planned expenditures are more than real GDP, there will be inventory accumulation
a. True b. False Indicate whether the statement is true or false