Which government program would be considered an "entitlement" program?
A) national defense
B) subsidies for mass transportation
C) law enforcement in major U.S. cities
D) Social Security
D
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Assuming initially that the required reserve ratio = 10%, the currency-deposit ratio = 40%, and the excess reserve ratio = 0, an increase in the required reserve ratio to 15% causes the M1 money multiplier to ________, everything else held constant
A) increase from 2.55 to 2.8 B) decrease from 2.8 to 2.55 C) increase from 1.82 to 2 D) decrease from 2 to 1.82
Marginal, average, and total figures are unrelated
a. True b. False Indicate whether the statement is true or false
Which shifts the aggregate demand to the right?
A. Increase in government purchases B. Reduction in consumer spending. C. The selling of government securities by Fed Reserve Bank D. Downsizing of corporate investment spending
Which statement is false?
A. The monopolist's demand and marginal revenue curves are identical. B. Your local phone company is a natural monopoly. C. A monopoly can be a small firm. D. None of these statements are false.