If the Fed lowered the required reserve ratio,
a. excess reserves would decrease
b. the money supply would decrease
c. the money supply would increase
d. banks would borrow more from the Fed
e. loans would earn more interest
C
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"If the wage rate paid to one form of labor is twice the cost of another form of labor, the first type of labor must be twice as productive." Comment
What will be an ideal response?
Economists understand that using statistical discrimination
A. is never rational. B. means some individuals are discouraged from acquiring skills. C. is always illegal. D. All of the above
The mergers between Sony and Columbia Pictures and between MCA and Matsushita are ________ mergers.
Fill in the blank(s) with the appropriate word(s).
Net exports will tend to be low when the real exchange rate:
A. is low. B. is high. C. depreciates. D. equals the nominal exchange rate.