In a market-oriented economic model:
a. no government agency or guiding intelligence oversees the set of responses and interconnections that result from a change in price.
b. no government agency or guiding intelligence oversees the set of responses and interconnections that result from a change in demand.
c. a government agency or guiding intelligence oversees the set of responses and interconnections that result from a change in price.
d. a government agency or guiding intelligence oversees the set of responses and interconnections that result from a change in demand.
a. no government agency or guiding intelligence oversees the set of responses and interconnections that result from a change in price.
In a market-oriented economic model, no government agency or guiding intelligence oversees the set of responses and interconnections that result from a change in price.
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Assuming initially that the required reserve ratio = 10%, the currency-deposit ratio = 75%, and the excess reserve ratio = 156%, an increase in the excess reserve ratio to 200% causes the M1 money multiplier to ________, everything else held constant
. A) increase from 0.15 to 0.33 B) decrease from 0.73 to 0.61 C) increase from 0.54 to 0.67 D) decrease from 1.67 to 1.54
Which of the following could cause the supply curve of loanable funds to shift to the left?
a. decrease in productivity b. increase in the rate of interest c. decrease in the rate of interest d. increase in productivity e. expectation that future prices will increase
If expectations are rational,
a. a predictable change in inflation can make the expected inflation rate deviate from the actual rate. b. unemployment can exceed the full-employment rate even in the long run. c. the difference between the actual inflation rate and the expected inflation rate must be a purely random number. d. the inflation rate cannot be reduced without a period of high unemployment because the Phillips curve is downward sloping.
In the long run, entry and exit in a perfectly competitive market will drive the price to the point where the: a. marginal cost curve intersects the average total cost curve at its minimum
b. marginal cost curve intersects the marginal revenue curve. c. marginal cost curve intersects the average variable cost curve at the shutdown point. d. marginal cost curve intersects the market demand curve.