When Kathryn spends her entire budget and equates marginal utility per dollar across all goods, then Kathryn's total utility is maximized
Indicate whether the statement is true or false
TRUE
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According to the quantity theory of money demand
A) an increase in interest rates will cause the demand for money to fall. B) a decrease in interest rates will cause the demand for money to increase. C) interest rates have no effect on the demand for money. D) an increase in money will cause the demand for money to fall.
People who end up in prison are particularly subject to ________
A) higher cyclical unemployment B) higher structural unemployment C) lower cyclical unemployment D) lower seasonal unemployment
A demand and supply analysis of protectionism shows that it is not just a matter of domestic gains and foreign losses, but a policy that imposes substantial domestic costs as well.
Select whether the statement is true or false. A. True B. False
A bank has $200 million in assets and $150 million in liabilities. The banks net worth is _____________ million and its leverage ratio is __________________
A) $350; 0.56 to 1 B) $175; 1.14 to 1 C) $50; 4 to 1 D) $25; 8 to 1