If the monetary base does not change and the desired reserve ratio increases, the money multiplier ________ and the quantity of money ________
A) increases; decreases
B) decreases; decreases
C) increases; increases
D) decreases; does not change
E) decreases; increases
B
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Refer to Figure 16-1. What is the economically efficient output level?
A) Q1 units B) Q2 units C) Q3 units D) Q4 units
Because of their __________ liability, corporate stockholders are more concerned with __________
A) limited; success than failure B) limited; failure than success C) unlimited; success than failure D) unlimited; failure than success
Brandon is considering buying a used car but he first downloads a report from the internet that shows the history of accidents and major repairs conducted on the car. This action is called
A shortage occurs whenever
a. quantity demanded exceeds quantity supplied at the equilibrium price. b. price is less than equilibrium price. c. quantity demanded is less than quantity supplied. d. goods are scarce. e. some of the people who need the product are not willing and able to buy it at the equilibrium price.