The value of the deposit multiplier is increased if individuals hold all their money in cash.
Answer the following statement true (T) or false (F)
False
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The slowdown in U.S. economic growth in the period 1974-95 was primarily caused by ________
A) falling labor growth B) falling capital growth C) falling productivity growth D) none of the above
The entry of firms into a market, ceteris paribus,
A. Shifts the market demand curve to the left. B. Decreases the equilibrium output in the market. C. Reduces the economic profit of each firm already in the market. D. Shifts the market supply curve to the left.
The supply of labor to one industry will decrease when
A. the price of leisure activities falls. B. workers receive better employment opportunities in other industries. C. the income effect dominates the substitution effect. D. the demand for labor falls in the industry.
A firm produces and sells two goods, A and B. Good A is known to have many close substitutes; good B makes up a significant portion of most families' budgets. A price increase for each good would most likely cause total revenues from good A to
A. decrease and total revenues from good B to increase. B. increase and total revenues from good B to increase. C. decrease and total revenues from good B to decrease. D. increase and total revenues from good B to decrease.