For a monopoly, marginal revenue for all units greater than 1:
A. cannot be negative.
B. is always greater than marginal cost.
C. is zero when total profits are maximized.
D. is always less than the price.
Answer: D
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If a bank receives a new deposit of $10,000 . and the required reserve ratio is 25 percent, then the new money that can be created by the banking system, including the initial deposit, is:
a. $25,000. b. $2,500. c. $4,000. d. $40,000. e. $10,000.
In the strict monetarist view, a large increase in the money supply will have:
A. A large impact on the velocity of money and a large impact on nominal output B. A large impact on the velocity of money and a small impact on nominal output C. No effect on the velocity of money and a large impact on nominal output D. No effect on the velocity of money and a small impact on the nominal output
The vertical intercept of the Security Market Line is determined by the:
A. beta of the market portfolio. B. discount rate. C. risk-free interest rate. D. risk premium.
An inflationary gap will eliminate itself through a process of price increases
a. True b. False Indicate whether the statement is true or false