Assume the price of beer is $4, the price of pizza is $10 and the consumer's income is $250. Which consumption bundle will NOT be the consumers choice?
A) 5 beers, 5 pizzas
B) 0 beers, 25 pizzas
C) 25 beers, 15 pizzas
D) None of the bundles will be chosen.
A
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Assuming initially that the required reserve ratio = 15%, the currency-deposit ratio = 40%, and the excess reserve ratio = 5%, an increase in the excess reserve ratio to 10% causes the M1 money multiplier to ________, everything else held constant
A) increase from 2.15 to 2.33 B) decrease from 2.33 to 2.15 C) increase from 1.54 to 1.67 D) decrease from 1.67 to 1.54
Refer to the above table. If the price is $6 the maximum profit this firm could earn is
A) $210. B) $414. C) $420. D) $630.
The economic boom of the 1990s:
a. ended with a recession that lasted from early 2000 to the 2nd quarter of 2002. b. ended with the financial crash of 2001, with unemployment reaching 7.5%. c. ended with the stock market and real investment tumbling, and unemployment near 9% d. Both a and b are correct. e. None of the above are correct.
Consider the same monopoly situation as in the previous question. The deadweight loss associated with this monopoly is
a. 966 b. 1,058 c. 2,484 d. 3,680