If the money multiplier is 4, the required reserve ratio is
A. 4%.
B. 20%.
C. 25%.
D. 50%.
Answer: C
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Sharing music files is not a(n)
a. victimless crime b. example of decisions about the use of capital c. issue regarding intellectual property d. current problem e. important issue for the Recording Industry of America
In the long run
A. the expansion path shows how the input marginal products change as the firm's output level changes. B. all inputs are fixed. C. a firm is making the optimal input choice when the marginal rate of technical substitution is equal to the input price ratio. D. both a and b E. none of the above
The diagram below shows the general equilibrium model for a small economy. For this economy, the economically efficient allocation of resources occurs at point 
A. B. B. C. C. D. D. A.
(Consider This) An unprofitable motel will stay open in the short run if:
A. price (average nightly room rate) exceeds average variable cost. B. marginal revenue exceeds marginal cost. C. price (average nightly room rate) exceeds average fixed cost. D. marginal revenue exceeds price.