A recent issue of the Wall Street Journal headlined a story, "Bond Prices End Lower." From this we can conclude
a. interest rates fell.
b. interest rates rose.
c. interest rates did not change.
d. stock prices fell.
b
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Explain how the currency drain ratio affects the size of the money multiplier. In your explanation, suppose that in one round of the money creation process a bank gains $1 million in new deposits and reserves
Further suppose that the desired reserve ratio is 10 percent and the currency drain ratio is 50 percent.
Julie's total utility from cheeseburgers is given in the table above. What is the marginal utility of the third cheeseburger?
A) 86 B) 28.7 C) 20 D) 14
Real GDP per capita and other alternative measures of the quality of life are:
a. directly correlated. b. poorly correlated. c. inversely related. d. independent.
The tournament pay explanation is useful in an attempt to explain why
a. very few people actually earn the minimum wage. b. political entrepreneurs can generate campaign contributions from businesses outside of their districts. c. people with only a high school education earn less than those with college degrees. d. some corporate executives earn amounts higher than their marginal revenue product.