To determine the total change in deposits as a result of an injection of reserves, we must
a. sum the number of loans a bank has made
b. multiply the injection of reserves by 10
c. multiply the number of loans by the expenditure multiplier
d. sum the reserves of each bank
e. multiply the injection of reserves by the demand deposit multiplier
E
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Firms that face downward-sloping demand curves for their output are called
a. perfectly competitive b. price takers c. price searchers d. resource price takers e. resource price searchers
Suppose there was a country with an adult (age 16 and over) population of 1,000, of which 100 were unemployed and 700 were employed. Which of the following is true?
a. The employment population ratio is 87.5 percent. b. The labor force participation rate is 70 percent. c. The unemployment rate is 12.5 percent. d. There are 700 individuals in this country's labor force.
Which of the following is an important ingredient of efficient economic organization
What will be an ideal response?
Which of the following is the primary source of high earnings in a market economy?
A) a willingness to engage in actions where you gain at the expense of others B) a willingness to work hard even if you are not productive C) a willingness to exploit workers and consumers D) the ability to provide others with things that they value highly