The demand deposit multiplier is equal to the
A) reciprocal of the reserve requirement ratio.
B) reciprocal of the discount rate.
C) inverse of the reserve requirement ratio.
D) inverse of the discount rate.
A
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Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 0d and that it is 0u in country B.) What part of domestic output in country B is the total wage bill or total wage income before and after the emigration?
A. Area 0vqtand area 0wrt, respectively
B. Area 0vqt and area 0wsu, respectively
C. Area 0wsu and area 0vqt, respectively
D. Area 0wsu and area 0wrt, respectively
Government expenditures on goods and services include
i. the New York City Library's purchase of new books. ii. Washington D.C.'s purchase of gas for its city buses. iii. California's payment of wages to prison guards. A) i and ii B) i and iii C) i, ii and iii D) i only E) ii and iii
Refer to the table below. What is Crunchy Fruits total marginal cost to produce 11,750 units?
Crunchy Fruits makes dried fruit snacks. Crunchy Fruits has a multi-plant firm with two production facilities. The table above summarizes the marginal cost of production at the individual plants and the corresponding quantity produced at the individual plants.
A) $2.00
B) $2.25
C) $3.25
D) $1.25
Refer to the accompanying figure. Assume demand remains unchanged at D1. If supply shifts from S2 to S1, then the equilibrium price will ________ and the equilibrium quantity will ________.
A. rise; rise B. fall; fall C. fall; rise D. rise; fall