In the English market, colonial tobacco was ______________ Spanish tobacco
a. more expensive than
b. less expensive than
c. priced similarly to
d. more heavily taxed than
b. less expensive than
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If the money multiplier is 3.0, a $1,000 increase in the monetary base
A) increases quantity of money by $3,000. B) decreases the quantity of money by 3 percent. C) increases the monetary base by $300. D) increases the money multiplier by 3 percent. E) decreases quantity of money by $3,000.
An increase in the excess reserves banks want to hold, together with people depositing currency into their demand deposit accounts, would: a. increase the money supply
b. decrease the money supply. c. leave the money supply unchanged. d. have an indeterminate effect on the money supply.
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:
A. P3 and Y1. B. P2 and Y1. C. P2 and Y3. D. P1 and Y2.
The aging of the U.S. population has tended to ________ spending on health care, and the development of new drugs and medical equipment has tended to ________ spending on health care
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease