Deadweight loss is not the result of:
a. an efficient market. b. an inefficient market.
c. zero consumer surplus. d. zero producer surplus.
a
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An increase in the currency drain ratio ________
A) decreases the size of the money multiplier B) increases the size of the money multiplier C) increases the deposits in all banks D) decreases the size of the monetary base E) increases the size of the monetary base
Which of the following is a credit in the U.S. current account? a. A U.S. consumer buys a TV made in Malaysia
b. Singapore Airlines buys a jumbo jet made in the United States. c. British investors purchase U.S. government bonds. d. An American citizen flies to Lithuania on the Lithuanian Airlines.
The Fed is dependent upon government policy, as witnessed by its actions in the early and mid-1980s
Indicate whether the statement is true or false
Data suggests that the tax cuts of the 1980s significantly decreased the supply of labor in the United States.
Answer the following statement true (T) or false (F)