The greater the required reserve ratio, the:
A. higher is the spending multiplier.
B. lower is the spending multiplier.
C. lower is the monetary multiplier.
D. higher is the monetary multiplier.
C. lower is the monetary multiplier
You might also like to view...
How can we determine separately the cost of producing ham hocks from the cost of producing bacon?
A) By separately estimating the labor time it takes to butcher the hocks and the bacon B) By separately calculating the weight of the hocks and the bacon as percentages of total useable meat C) By consulting the average industry costs of ham hocks and bacon D) There is no way to determine the specific costs of joint products.
If the price of a haircut increases,
a. haircuts become more expensive relative to other goods and services b. haircuts become less expensive relative to having a friend cut your hair c. people will have their hair cut more often d. haircuts become less expensive relative to other goods and services e. the budget constraint will shift outward
When a firm's profit maximizing sales level is positive, its marginal revenue is ______ its marginal cost at that quantity.
A. greater than B. less than C. equal to D. less than or equal to
If movement along a graph causes the value on the vertical axis to rise by 5 units and the value on the horizontal axis to fall by 10 units, the slope of the function is
a. 5. b. ?.5. c. ?2. d. ?72.