If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the monetary base is
A) $480 billion.
B) $480.8 billion.
C) $80 billion.
D) $80.8 billion.
B
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An example of an ongoing expense for a toy company would be buying:
A. a delivery truck, and would be included in total cost. B. a new factory, and would be excluded from total cost. C. advertising for their products, and would be included in total cost. D. None of these is true.
Which of the following will most likely increase aggregate demand?
a. A decrease in stock market prices. b. An increase in business investment spending. c. A decrease in the expected inflation rate. d. A decrease in real GDP.
If the educational attainment of a nation's population increases, the economy's production possibilities curve shifts inward
a. True b. False Indicate whether the statement is true or false
The strength of the competition faced by a company can profoundly affect its
a. pricing. b. output decisions. c. input decisions. d. All of the above are correct.