When real GDP increases, people demand
A) the same quantity of real money.
B) less real money.
C) more real money.
D) more money in nominal terms but less in real terms.
C
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If the reserve ratio is raised, the money multiplier
A) stays the same. B) is doubled. C) is lowered. D) is increased.
John fishes for a living. Last year, he sold $100,000 of fish. Bait, nets and other fishing supplies cost John $10,000 and he paid $40,000 in salaries to his helpers
Depreciation on his boat and other equipment, as calculated using IRS rules, was $15,000. What was John's profit as would be calculated by an accountant? A) $165,000 B) $100,000 C) $65,000 D) $35,000 E) None of the above answers is correct.
An increase in real GDP can shift
A) money demand to the left and increase the equilibrium interest rate. B) money demand to the right and increase the equilibrium interest rate. C) money demand to the right and decrease the equilibrium interest rate. D) money demand to the left and decrease the equilibrium interest rate.
What is meant by predatory dumping? How likely is it for this to occur in the United States? Discuss
What will be an ideal response?