The money multiplier largely depends on:
a. people re-depositing the money that they receive in the banking system.
b. the value of the deposits made in the banking system
c. the number of accounts in the banking system.
d. the amount of cash available in an economy.
a
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You are made better off in which of the following situations?
A) you borrow $10,000, you earn income in pesos, the dollar depreciates against the peso, you must pay back the loan in dollars B) you borrow 10,000 pesos, you earn income in pesos, the dollar depreciates against the peso, you must pay back the loan in pesos C) you borrow $10,000, you earn income in pesos, the dollar appreciates against the peso, you must pay back the loan in dollars D) you borrow 10,000 pesos, you earn income in dollars, the dollar depreciates against the peso, you must pay back the loan in pesos
Nearly _____________ of the world's people have never made a phone call.
Fill in the blank(s) with the appropriate word(s).
If the price of product L increases, the demand curve for close-substitute product J will:
A. shift downward toward the horizontal axis. B. shift to the left. C. shift to the right. D. remain unchanged.
Your allergies are bad this summer so your allergist writes you a prescription to relieve your symptoms. When you get to the pharmacy, you notice the name brand allergy medicine is more expensive than its generic equivalent. You purchase the generic
equivalent and demonstrate all of the following EXCEPT A) the principle of substitution of one product for another. B) the principle of diminishing marginal utility. C) when price decreases, the quantity demanded increases. D) a price change may affect consumer optimum.