If the reserve ratio is 0.08, the money multiplier is:
A. 8.0.
B. 12.5.
C. 1.0.
D. 10.5.
Answer: B
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A) abolishing money. B) eliminating all scarcity. C) eliminating all selfishness. D) giving government the power to control everything. E) making everyone as concerned about others as they are about themselves.
Refer to Table 16-3. Suppose Julie's marginal cost of providing this service is constant at $7 and she charges $7. What is the value of the consumer surplus enjoyed by her customers?
A) $39 B) $28 C) $11 D) $0
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A) right; right B) right; left C) left; right D) left; left
Refer to the information provided in Figure 2.3 below to answer the question(s) that follow.Figure 2.3Refer to Figure 2.3. Assume that in this society the opportunity cost of sailboats in terms of surfboards is increasing. A graph of this society's production possibility frontier will be represented by Panel
A. A. B. B. C. C. D. D.