When Macroland's central banking authority reduces the legal reserve requirement by one half, the potential demand deposits will double
Indicate whether the statement is true or false
T
You might also like to view...
If the interest rate rises, then firms' investment spending:
a. falls. b. also rises. c. remains unchanged d. reacts unpredictably.
Markets work well for allocating ________ efficiently, but not always so well for allocating ________.
A. common resources; public goods B. public goods; common resources C. public goods; private goods D. private goods; public goods
The word "efficient" in the term "efficient markets hypothesis" refers to the idea that
a. fundamental analysis is an efficient way to go about choosing which stocks to buy or sell. b. stock prices move upward and downward "efficiently," rather than following a "random walk.". c. the stock market is "informationally efficient.". d. companies employ officers and managers who are well-qualified to perform their jobs.
Figure 4-5
represents the market for gasoline before and after a per-gallon tax. What does the triangular area ABC represent?
a.
the amount of revenue raised due to imposing the tax
b.
the loss in consumer surplus due to imposing the tax
c.
the loss in producer surplus due to imposing the tax
d.
the deadweight loss (or excess burden) caused by the tax