To attract more bidders, and more aggressive bidders, to your auction
a. withhold relevant information about the value of the object
b. don't allow bidders to know how others are bidding
c. do not allow potential bidders to examine the object too closely
d. hold oral auctions
d
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Automatic stabilizers are changes in ________ that occur automatically as economic activity changes
A) taxes and transfer payments B) the money supply C) unemployment D) inflation
If a bank had demand deposits of $80 million and it faced a 25 percent required reserve ratio, it would be required to have how many reserves?
a. $20 million b. $40 million c. $60 million d. $80 million
According to purchasing-power parity, which of the following necessarily equals the ratio of the foreign price level divided by the domestic price level?
a. the real exchange rate, but not the nominal exchange rate b. the nominal exchange rate, but not the real exchange rate c. the real exchange rate and the nominal exchange rate d. neither the real exchange rate nor the nominal exchange rate
In the Keynesian model, whenever planned saving is more than planned investment
A. there will be unplanned inventory depletion. B. there will be unplanned inventory accumulation. C. the interest rate will remain unchanged. D. real GDP will not be influenced.