In the model of the money supply process, the depositor's role in influencing the money supply is represented by
A) the currency holdings.
B) the currency holdings and excess reserve.
C) the currency holdings and borrowed reserve.
D) the market interest rate.
A
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Superstar actors typically get contracts that specify that they get a percentage of "the gross," the total revenues that the movie brings in
Why might actors want contracts structured that way? Why might producers be willing to agree to that, and how does this make the goals of actors and producers different?
Which of the following best illustrates the concept of derived demand?
a. As income rises, the demand for TVs rises. b. A fall in the price of cameras will increase the demand for film. c. A fall in the demand for tires will reduce the demand for rubber. d. When the price of gasoline rises, the demand for automobile repair falls. e. If consumers expect the price of coffee to rise, demand for coffee rises.
Cooperation:
A. is a mixed strategy. B. fails when the temptation to cheat is sufficiently strong. C. eliminates the temptation to cheat. D. is always a Nash equilibrium.
Economic growth is:
a. a movement along the production possibilities curve. b. a change in the combination of the economy's outputs. c. an outward shift of the production possibilities curve. d. difficult to determine for any one year.