If the required reserve ratio were 15 percent, the value of the monetary multiplier would be:
A. 5.50
B. 6.67
C. 7.32
D. 8.54
B. 6.67
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The rights of a co-owner to a share of a firm's profits are
a. protected under tort law b. protected under contract law c. not protected under any form of law d. protected under antitrust law e. less valuable than the costs of pursuing action against the company
Based on the table, the multiplier in this case is ______.
a. 2/3
b. 3
c. 10 billion
d. 30 billion
One of the big ideas that serve as the foundation for the study of economics is that people respond predictably to ______.
a. changes in incentives b. market externalities c. government policies d. intangible benefits
GDP is a
A. stock because it measures wealth at a distinct point in time. B. flow because it measures income over a period of time. C. flow because dollar values are used. D. stock because it measures income for the entire country.