Using the money demand and money supply model, an increase in money demand would cause the equilibrium interest rate to
A) increase. B) decrease.
C) not change. D) increase, then decrease.
A
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The per-worker production function shows the relationship between ________ per hour worked and ________ per hour worked, holding ________ constant
A) capital; labor; real GDP B) capital; real GDP; technology C) labor; capital; real GDP D) labor; real GDP; technology
If you buy an insurance policy with a high deductible and co-payments, you would end up paying
a. A higher premium b. A lower premium c. The premium of a low risk individual d. Both B&C
In the United States, technological advances help explain persistently rising employment in the face of rising wages
a. True b. False Indicate whether the statement is true or false
If a bond dealer sells a government bond to the Fed for $100,000, and the reserve ratio is 10 percent, then the bank that receives a $100,000 deposit from the dealer can expand its loans by ________, and the money supply can increase by as much as ________.
A. $90,000; $900,000 B. $80,000; $800,000 C. $90,000; $1,000,000 D. $10,000; $100,000