If a banking system receives an initial deposit of $150,000 and the reserve requirement is 40 percent, the total deposit in the banking system (including the initial deposit) can be expanded by _____
a. $375,000
b. $150,000
c. $60,000
d. $250,000
e. $450,000
a
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Technological efficiency occurs when the firm produces a given output
A) by using the least amount of inputs. B) by using the maximum amount of inputs. C) at the least cost. D) at the greatest cost.
The household survey is compiled from firms who answer questions about the number of persons who are employed and on the company payroll
Indicate whether the statement is true or false
M1 differs from M2 because ________
A) M2 includes components that are less liquid than any component of M1 B) M1 does not include savings deposits and M2 does C) M1 is included in M2 but M2 has more components D) all of the above E) none of the above
Direct controls have traditionally been used heavily to control pollution in the U.S
a. True b. False Indicate whether the statement is true or false