If the reserve requirement on checkable deposits is .25, the ratio of currency held by the public to
demand deposits is .15, the ratio of time deposits to demand deposits is 3, the reserve requirement on time deposits is 0, and the ratio of excess reserves to demand deposits is 0, then the demand deposit multiplier is
A) 5.
B) 4.
C) 3.33.
D) 2.5.
D
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The marginal cost of additional health care when there are copayments is zero
a. True b. False
The newest member country of the European Union (EU) is
A. Ukraine B. Turkey C. Serbia D. Croatia
An automobile manufacturing plant is likely to have a ________ price elasticity of supply than a bread bakery due to ________.
A. less elastic; a less flexible production process B. more elastic; lower availability of inputs C. more elastic; a more flexible production process D. more elastic; greater availability of inputs
Refer to the information provided in Figure 2.3 below to answer the question(s) that follow.
Figure 2.3Refer to Figure 2.3. The law of ________ opportunity costs is best depicted by the production possibilities frontier in Panel A.
A. increasing B. constant C. decreasing D. zero