The currency deposit ratio, c, is 0.10. The reserve requirement, rr, is 0.08. The excess reserve ratio, e, is 0.05. What is the size of the money multiplier?
A) 4.70
B) 4.78
C) 4.75
D) 4.00
B
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If the automobile workers' union successfully negotiates a wage increase for its members, how does the wage hike affect the supply of automobiles?
A) The supply increases. B) The supply decreases. C) The quantity supplied increases. D) The quantity supplied decreases. E) Both answers B and D are correct.
Flat taxes are more equitable than graduated tax schedules.
A. True B. False C. Uncertain
Which of the following is a positive statement?
A. Because many adults cannot afford to go to college, tax credits for tuition should be introduced. B. When a country imports more than it exports, its balance of trade is negative. C. The price of drugs in the United States is too high. D. It only makes sense to offer financial aid for students who cannot pay some of their tuition. E.The President of the United States ought to be elected by a direct vote of the American people rather than the Electoral College
The primary purpose of antitrust policy in the United States is to
A. Issue patents. B. Encourage competition. C. Regulate monopolies. D. Limit foreign competition.