Which statement is true?
A. The higher the concentration ratio, the higher the degree of oligopolization.
B. The lower the concentration ratio, the higher the degree of oligopolization.
C. The concentration ratio remains constant as the degree of oligopolization rises.
D. There is no relationship between the concentration ratio and the degree of oligopolization.
A. The higher the concentration ratio, the higher the degree of oligopolization.
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If the currency drain ratio is zero, which of the following situations leads to the greatest total increase in the quantity of money?
A) an increase in the monetary base of $250,000 when the desired reserve ratio is 15 percent B) an increase in the monetary base of $100,000 when the desired reserve ratio is 5 percent C) an increase in the monetary base of $120,000 when the desired reserve ratio is 10 percent D) an increase in the monetary base of $100,000 when the desired reserve ratio is 50 percent E) an increase in the monetary base of $200,000 when the desired reserve ratio is 20 percent
Refer to Figure 13-2. Ceteris paribus, a decrease in productivity would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
Moral hazard occurs when one party to a contract changes his behavior in response to that contract and thus passes on costs of that behavior to the other party.
Answer the following statement true (T) or false (F)
The J curve implies that a real depreciation will cause
A. the nominal exchange rate to depreciate in the short run and appreciate in the long run. B. net exports to fall in the short run and rise in the long run. C. net exports to rise in the short run and fall in the long run. D. the nominal exchange rate to appreciate in the short run and depreciate in the long run.