Assuming all excess reserves are loaned out, if the reserve ratio is 25 percent, the money multiplier will be equal to
A) 0.5. B) 2.5. C) 4. D) 5.
C
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Which is the most accurate statement?
A. The authority to run welfare programs resides mainly in the states. B. The authority to run welfare programs resides mainly in the federal government. C. When the 1996 welfare reform passed, it immediately removed 3 million people from the welfare rolls. D. The welfare reform law of 1996 will virtually abolish welfare by the year 2008.
As the number of firms in an oligopoly increases,
a. each seller becomes more concerned about its impact on the market price. b. the output effect decreases. c. the total quantity of output produced by firms in the market gets closer to the socially efficient quantity. d. the oligopoly has more market power and firms earn a greater profit.
What portion of government consumptions expenditures on nondefense goods and services is carried out by state and local governments?
A. About 67% B. Over 80% C. About 50% D. Under 30%
Refer to the below demand graph for a farm product. It suggests that farmers' revenues or incomes tend to:
A. Fall when the demand for the farm product increases
B. Fall when the supply of the farm product increases
C. Increase when the supply of the farm product increases
D. Be constant when supply of the farm product changes