Suppose you bought a Volkswagen Beetle for 12,000 euros, and $1 would buy 0.90 euros. You would find the cost of the car in dollars and cents by
A. dividing 12,000 by 1.11.
B. dividing 1.11 by 12,000.
C. dividing 12,000 by 0.90.
D. dividing 0.90 by 12,000.
C. dividing 12,000 by 0.90.
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Gross domestic product is the total dollar value at current prices of all final and intermediate goods produced by a nation during a given time period
a. True b. False Indicate whether the statement is true or false
Which statement about leveraging is true?
a. It is safer for banks to have a high level of leverage than a low level of leverage. b. A higher amount of leveraging means a higher potential for profit. c. Financial institutions avoid being highly leveraged due to the potential for loss. d. Banks can only use their own money as leverage.
As a measure of inflation, the principal advantage of the consumer price index over the implicit GDP deflator is that the consumer price index
What will be an ideal response?
An increase in the marginal propensity to save from .1 to .2 will cause
A) an increase in the multiplier and a given change in autonomous consumption (c0 ) to have a smaller effect on output. B) an increase in the multiplier and a given change in autonomous consumption (c0 ) to have a larger effect on output. C) a reduction in the multiplier and a given change in autonomous consumption (c0 ) to have a smaller effect on output. D) a reduction in the multiplier and a given change in autonomous consumption (c0 ) to have a larger effect on output.