The old lyric "the best things in life are free"
a. is not true for any goods.
b. is even true for some goods that have a price.
c. refers to goods provided by nature or the government.
d. refers to goods provided by the market.
c
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Everything else held constant, if the sum of the required reserve ratio and the excess reserve ratio is greater than one, an increase in the currency-deposit ratio causes the M1 money multiplier to ________ and the money supply to ________
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
In the Keynesian model with a fixed price level and a fixed money wage, an increase in the money supply will cause
a. output to fall and interest rates to fall. b. output to remain unchanged. c. output to rise and the price level to fall. d. output to rise and interest rates to fall.
An organization producing a wide range of products is more likely to decentralize its decision making process than a firm operating in a single industry
Indicate whether the statement is true or false
Wealth refers to the
a. income earned by an individual b. value of all assets accumulated by an individual c. total of all income earned by an individual over an entire lifetime d. value of all physical assets minus financial assets an individual holds e. total of all money wealth held by an individual