The ________ refers to the situation when people are promoted beyond their level of competence
a. Peter Principle
b. Abernathy Principle
c. Delaney Principle
d. Suskind Principle
A
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A potential money multiplier of 10 means that
a. excess reserve requirements are 90 percent b. a new deposit of $1,000 results in new demand deposits of $10,000 c. the legal reserve requirement is 10 percent d. there can be no more lending available e. the initial deposit must necessarily be $10
Which of the following costs of inflation can be significant even if actual inflation and expected inflation are the same?
a. menu costs b. inflation tax c. shoeleather costs d. All of the above are correct.
The brain gets most of its energy from dopamine.
Answer the following statement true (T) or false (F)
A simultaneous decrease in both the supply of and the demand for silk boxer shorts would cause a decrease in the equilibrium quantity of silk boxer shorts.
Answer the following statement true (T) or false (F)