If the legal reserve requirement is decreased, the money multiplier is decreased
Indicate whether the statement is true or false
F
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The long-run aggregate supply line is:
A. downward sloping. B. upward sloping. C. vertical at the economy's actual output. D. vertical at the economy's potential output.
How much deadweight loss a tax causes is primarily determined by:
A. how responsive buyers and sellers are to a price change. B. how much tax revenue the government generates. C. whether the tax is imposed on the buyer or seller. D. the ability of the government to impose the tax.
Having a large market share is one of the main ingredients to business success
Indicate whether the statement is true or false
The change in the quantity demanded of any good is always caused by:
a. a change in consumers' preferences for that good. b. a change in the general income levels of the consumers who buy that good. c. an increase or decrease in the population. d. a change in the price of that good. e. a change in the price of substitute goods.