Suppose the currency drain ratio is 25 percent and the desired reserve ratio is 20 percent. The money multiplier equals
A) 4.00. B) 5.42. C) 2.00. D) 2.78. E) 3.00.
D
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In an English open outcry auction,
a. bidding opens at a high price and then the price falls until only one buyer remains b. bids and offers may be made in any order c. sellers with market power capture most of the benefit d. sellers outnumber buyers e. bidding opens at a low price and the price then increases until only one buyer remains
A Lorenz curve that is perfectly straight indicates
A. complete income equality. B. that a large portion of the population accounts for most of the income. C. that a small portion of the population accounts for most of the income. D. that society is very rich.
What is the relationship between actual investment, planned investment, and saving in an economy? What conditions among these concepts produce equilibrium?
What will be an ideal response?
The 1969 IBM case ended when
A. IBM won an injunction against Apple's production of PCs. B. the U.S. Justice Department dropped the case in 1982. C. mainframe computers gradually replaced PCs in economic importance. D. Apple and Microsoft dropped their complaints against IBM.