If you deposit $1,000 in cash in your checkable deposit at your bank, the quantity of M1 immediately
A) increases by $1,000.
B) decreases by $1,000.
C) does not change in size.
D) increases by $2,000.
E) changes, but more information about the required reserve ratio is necessary to determine the amount of the change.
C
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A cartel most likely forms in
A) an oligopolistic market. B) a perfectly competitive market. C) a monopolistically competitive market. D) a heavily regulated industry.
Which of the following describes a situation in which demand must be elastic?
a. Total revenue increases by 15 percent when the price of corn dogs rises by 15 percent. b. Total revenue increases by less than 15 percent when the price of corn dogs rises by 15 percent. c. Total revenue decreases by more than 15 percent when the price of corn dogs rises by 15 percent. d. Total revenue increases by $15 when the price of corn dogs rises by $15. e. Total revenue increases by more than $15 when the price of corn dogs rises by $15.
Aggregation involves adding together different products and services
a. True b. False Indicate whether the statement is true or false
To track the public debt over time and compare it to the productive capacity of the economy, it is best:
A. to compare it to imports, exports, and the trade deficit. B. examined relative to budget surpluses. C. calculated relative to the money supply. D. measured relative to the gross domestic product.