The currency deposit ratio, c, is 0.10. The reserve requirement, rr, is 0.07. The excess reserve ratio, e, is 0.10. What is the size of the money multiplier?

Monetary and fiscal policy making that is carried out in response to a pre-set rule and does not respond to changes in economic activity is known as

A) active policy making. B) discretionary policy making. C) nondiscretionary policy making. D) Keynesian policy making.

The historical reallocation of labor from agriculture to manufacturing in the United States has:

A. been inflationary. B. had no effect on the average productivity of labor. C. increased the average productivity of labor. D. reduced the average productivity of

Compared to other industrialized nations around the globe, defense spending as a percentage of GDP is

A. somewhat higher than France and the United Kingdom but much less than Germany and Japan. B. Germany, and Japan. C. substantially higher than that of the next highest nation. D. somewhat higher than France and the United Kingdom and much higher than Germany and Japan.

A competitive market structure differs from the monopoly, oligopoly, and monopolistic competition structures in the

A) producers' ability to set price. B) profit maximization condition. C) amount of long-run profit. D) entry conditions.