Everything else held constant, if the sum of the required reserve ratio and the excess reserve ratio is less than one, a decrease in the currency-checkable deposit ratio will mean
A) an increase in currency in circulation and an increase in the money supply.
B) an increase in money supply.
C) a decrease in the money supply.
D) an increase in currency in circulation but no change in the money supply.
B
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We know the goal of a budget-constrained public enterprise
Indicate whether the statement is true or false
In 2012, the combined expenditures of federal, state, and local governments in the United States were approximately
a. 9 percent of GDP. b. 24 percent of GDP. c. 38 percent of GDP. d. 45 percent of GDP.
Use the table below to answer the following question.UnitsMaximum Willingness to PayMarket PriceMinimum Acceptable Price1$14$10$62121083101010481012561014641016At what level of output is productive efficiency achieved?
A. 3 B. 4 C. 5 D. 6
When Bruce increases the consumption of Good X and decrease the consumption of Good Y, his marginal utility of
A. both X and Y will decrease. B. both X and Y will increase. C. X falls and the marginal utility of Y will increase. D. X increases and the marginal utility of Y will fall.