An increase in the marginal propensity to import will
A) raise imports and raise equilibrium income.
B) lower imports and raise equilibrium income.
C) lower the multiplier and reduce equilibrium income.
D) raise the multiplier and reduce equilibrium income.
C
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By acting as a lender of last resort during a bank panic, the Federal Reserve enables banks to
A) encourage the public to borrow directly from the Fed to alleviate the panic. B) call in their loans from their customers to restore faith in the banking system. C) borrow increasingly large amounts from the Fed, which will reduce the public's faith in the banking system. D) satisfy customers' desires to withdraw money and eventually restore the public's faith in the banking system.
Which of the following was the first federal legislation to outlaw discrimination based on race, religion, or gender?
a. Civil Rights Act of 1964 b. Civil Rights Act of 1991 c. Emancipation Proclamation d. Equal Pay Act of 1963
Risk premiums do all of the following except
A. Help explain why banks charge different customers different interest rates. B. Allocate limited resources only to the safest investors. C. Compensate people who finance risky ventures. D. Are the difference in the rates of return on risky and safe investments.
Structural unemployment is increased when workers can afford to be unemployed for longer periods of time as a result of:
A. unemployment insurance. B. minimum wage laws. C. worker mobility. D. skill-biased technological change.