Which of the following is an example of the "metering" strategy
a. A doll company selling dolls at cost but charging high margins on doll accessories
b. A cell phone company offers free locked in phones but charges high prices per call
c. A catering company pays its chefs higher wages to make sure that the bargain meals are just slightly burnt
d. Only A&B
d
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If the required reserve ratio is .2 and reserves initially decline by $25, demand deposits can decline by
A) $125. B) $50. C) $25. D) $5.
A government subsidy is typically used
A) to correct a negative externality. B) to provide a government-inhibited good. C) to reduce inflation. D) to correct a positive externality.
An increase in the equilibrium price and the equilibrium quantity would be caused by an increase in demand
a. True b. False Indicate whether the statement is true or false
When the federal government cuts taxes and increases purchases to stimulate the economy during a period of recession, such actions are designed to be
A. expansionary. B. passive. C. contractionary. D. automatic.