If there was only full-reserve banking:
A. the financial system would work better.
B. absolutely no lending using deposits would be able to occur.
C. The money multiplier would be at maximum.
D. banks would make more money lending deposits.
Answer: B
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A firm that is a monopsonist in the labor market and a monopolist in the product market will hire labor to the point at which
A) MFC = MRPm. B) a perfectly elastic labor supply = MRP. C) a perfectly inelastic labor supply = perfectly inelastic labor demand. D) where supply of labor = demand for labor.
When setting up a new company, QuickBooks automatically creates:
a. Chart of Accounts b. Vendor List c. Customer List d. None of these
For most of the 19th century in the American West, there was
A. an abundance of labor relative to land. B. abundance of land relative to labor. C. an abundance of both labor and land. D. a scarcity of both labor and land.
Which of the following increases aggregate demand and shifts the AD curve rightward?
A) a fall in the price level B) an increase in the quantity of money and a resulting fall in the interest rate C) predictions of a recession that lead to expectations of lower future income D) an increase in the exchange rate that makes imports less expensive