An increase in ________ reduces the money supply since it causes the ________ to fall
A) reserve requirements; monetary base
B) reserve requirements; money multiplier
C) margin requirements; monetary base
D) margin requirements; money multiplier
B
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The elasticity of any demand curve is the same as its slope.
Answer the following statement true (T) or false (F)
Explain some important situations where direct controls have a clear advantage over taxes
The United States current account typically runs as a
A. deficit of about $1 billion. B. surplus of around $750 billion. C. surplus of about $1 billion. D. deficit of around $750 billion.
Which of the following is not an example of a model?
A. a small plastic airplane tested in a wind tunnel B. a highway map C. a photograph of the inside of a computer D. a poster of the human digestive system