The Malthusian theory said that population tended to grow in a _____ progression, while the food supply grew in an _____ progression.
Fill in the blank(s) with the appropriate word(s).
geometric; arithmetic
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Refer to above Table 2-1. What is the level of Gross Domestic Product?
A) 2690 B) 3050 C) 2430 D) 3010
Assume that the Paris First National Bank's loan position contracted from $16 million to $12 million. If the required reserve ratio was increased from 20 percent to 40 percent, how much would the money supply shrink?
a. $5 million. b. $10 million. c. $15 million. d. $20 million. e. $24 million.
The Glass-Steagall Act
A. was created in 1933 to divide commercial banking from investment banking. B. allowed banks to become more diverse in the investments they were allowed to make. C. made U.S. banks similar to the "universal banks" of continental Europe. D. created conflicts of interest between commercial banks and investment banks.
The increase in total revenue due to increasing the amount of labor employed by one unit is called the
A) Marginal Product. B) Marginal Revenue Product. C) Average Revenue Product. D) Total Revenue Product.