Everything else held constant, an increase in the time deposit ratio will mean ________ in the M2 money multiplier and ________ in the M2 money supply
A) an increase; an increase
B) an increase; a decrease
C) a decrease; an increase
D) a decrease; a decrease
A
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If every participating firm has the same marginal benefit from industrywide advertising, then ________.
A) requiring every firm to pay the same amount for advertising is not likely to create dissatisfaction amount the firms B) every firm should be required to pay nothing for the advertising C) requiring every firm to pay different amounts for advertising is not likely to create dissatisfaction amount the firms D) requiring every firm to pay the same amount for advertising is likely to create dissatisfaction amount the firms
A skilled worker is an example of:
a. unproductive resources. b. land resources. c. labor resources. d. capital resources. e. both labor and capital resources.
The theory of creative destruction implies that too much competition leads to monopolies
Indicate whether the statement is true or false
To an economist, quitting
A. makes sense if at the quantity where MC=MR, the firm loses money. B. Makes sense if at the quantity where MC=MR, the price is less than AVC. C. makes sense if at the quantity where MC=MR, the price is less than ATC. D. never makes sense.