If the required reserve ratio decreases, the:
A. money multiplier increases.
B. money multiplier decreases.
C. amount of excess reserves the bank has decreases.
D. money multiplier stays the same.
Answer: A
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a. Every bidder knows the exact value of the item being auctioned b. Each bidder only has an estimate of the value of the item c. The value is different for each bidder d. All of the above
The main problem we had during the Great Depression, said John Maynard Keynes, was inadequate ________.
Fill in the blank(s) with the appropriate word(s).
If the average productivity of Canadian firms is rising more quickly than the average productivity of Indian firms, which of the following would you expect to see?
A) an increase in the value of the rupee relative to the dollar B) a decrease in the prices of Indian products C) a decrease in the quantity demanded of Indian products relative to Canadian products D) an increase in the quantity demanded of Indian products relative to Canadian products
If Mary complains that she doesn't feel very well because she ate too many hotdogs, we would conclude that the marginal utility of the last hotdog eaten was
A) positive. B) zero. C) very large. D) negative.