The demand deposit multiplier __________ as the required reserve ratio __________
A) increases; increases
B) increases; decreases
C) does not change; increases
D) does not change; decreases
B
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In the above figure, which area is the deadweight loss from a single-price monopoly?
A) E B) E + H C) E + H + K D) E + H + K + J
If the marginal rate of transformation is constant what can be said of the shape of the production possibilities frontier and why?
What will be an ideal response?
Regression analysis can best be described as
A) a statistical technique for estimating the best relationship between one variable and a set of other selected variables. B) a statistical technique for determining the true values of variables. C) a statistical technique for creating functional relationships among variables. D) None of the above
The pre-1973 farm price support program resulted in a(n)
a. substantial increase in the number of farmers b. substantial increase in the number of farms c. excess demand for farm goods d. excess supply of farm goods e. major benefit to consumers of farm goods