A follower of liberalism would not support a redistribution of income but rather would focus on equalizing opportunities
a. True
b. False
Indicate whether the statement is true or false
False
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If the reserve ratio is raised, the money multiplier
A) stays the same. B) is doubled. C) is lowered. D) is increased.
Suppose the market for grass seed is expressed as
Demand: QD = 100 - 2p Supply: QS = 3p Price elasticity of supply is constant at 1. If the supply curve is changed to Q = 8p, price elasticity of supply is still constant at 1. Yet, with the new supply curve, consumers pay a larger share of a specific tax. Why?
The firm's long-run supply curve begins at an output of
A. 100.
B. 150.
C. 215.
D. 300.
If the dollar appreciates and foreign goods become less expensive, the total planned expenditures on domestic goods and services will
A. fall due to the open economy effect. B. increase due to the open economy effect. C. increase due to the interest rate effect. D. fall due to the interest rate effect.