Refer to Figure 1-1. Using the information in the figure above, calculate the percentage change in sales of alcoholic beverages between 2012 and 2016
A) 30% B) 50% C) 66.7% D) 100%
D
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An increase in the reserve requirement ________.
A. increases the money supply by increasing excess reserves and increasing the monetary multiplier B. decreases the money supply by increasing excess reserves and decreasing the monetary multiplier C. decreases the money supply by decreasing excess reserves and decreasing the monetary multiplier D. increases the money supply by decreasing excess reserves and decreasing the monetary multiplier
Pennsylvania's largest grower of fresh-to-market tomatoes announced in March 2009 he will no longer produce the crop. The acreage he previously devoted to tomatoes and pumpkins will be converted to field corn that is harvested by machines
Of the following, which could have led to the shift from labor intensive tomato production to field corn? A) The market price of tomatoes increased. B) Farm workers' reservation wage fell. C) The wage rate for farm workers increased. D) All of the answers are true.
Refer to the Article Summary. Prior to the initiation of the BRRD, the European Union had essentially been bailing out troubled banks. In doing this, the EU was, in effect, acting as a
A) private equity firm. B) shadow bank. C) lender of last resort. D) conductor of open market operations.
Historically, U.S. federal expenditures have ________ as a percentage of GDP
A) remained fairly stable B) increased dramatically C) slowly declined D) been extremely volatile