If an increase in the monetary base of $8 billion increases the quantity of money by $64 billion, then the money multiplier is equal to ________
A) $64 billion
B) 8
C) $8 billion
D) 1/8
B
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Advertising has no effect on the demand schedule for a good.
Answer the following statement true (T) or false (F)
Traditional Keynesians tend to favor
a. monetary policy over fiscal policy because of the effectiveness of central banks. b. monetary policy over fiscal policy because it reduces interest rates.. c. fiscal policy over monetary policy because it doesn't impact interest rates. d. fiscal policy over monetary policy because of the liquidity trap. e. none of the above.
If the market share of the largest firm in an industry is 40 percent, then theoretically, the highest possible Herfindahl-Hirschman Index for this industry would be
A. 1,600. B. 3,600. C. 4,000. D. 6,400.
What are some reasons why the unemployment rate is typically lower in the United States as compared to Canada and some Western European countries?
What will be an ideal response?