If the price of gasoline increases significantly, then we'd expect the demand curve for large hybrid and electric cars to
A. not shift, but there will be a movement along that demand curve.
B. shift to the right.
C. shift to the left.
D. become upward-sloping.
Answer: B
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If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and excess reserves total $1 billion, then the M1 money multiplier is
A) 2.5. B) 2.8. C) 2.0. D) 0.7.
The double coincidence of wants problem is solved by
A) credit markets. B) government intervention. C) the use of money. D) specialization.
If the required reserve ratio is 0.25, what is the demand deposit multiplier?
a. 4.00 b. 0.50 c. 0.75 d. 1.33 e. 1.25
How does a change in demand differ from a change in the quantity demanded? a. A change in demand can only be caused by a change in price, whereas a change in quantity demanded can be caused by anything other than a change in price
b. A change in quantity demanded is a shift of the demand curve, whereas a change in demand is a movement along the demand curve. c. A change in demand can only occur in the long run, whereas a change in quantity demanded is specifically short run. d. A change in demand is a shift of the demand curve, whereas a change in quantity demanded is a movement along the demand curve. e. A change in demand can only occur in the short run, whereas a change in quantity demanded is specifically long run.