If the reserve ratio is 12 percent, then the money multiplier is
a. 9.3.
b. 8.3.
c. 7.3.
d. 12.
b
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Match each of the following jobs to its major area: forecasting, analysis, research, or data development. Explain your answers
(a) Economist at university, testing theories about the efficient allocation of resources in the foreign exchange market (b) Economist at Wall Street firm trying to predict the rate of inflation next year using past data (c) Economist at auto firm looking at demand for new automobiles (d) Economist at the International Trade Commission trying to determine whether foreign firms are dumping goods in the United States (e) Economist at the Commerce Department developing new methods for calculating price indexes (f) Economist consulting in Eastern Europe about how to set up free-market financial systems
The relationship between output and employment is known as
A) the Phillips curve. B) the Beveridge curve. C) the Diamond paradox. D) Okun's Law.
In a competitive equilibrium all these relationships hold but one. Which one?
A) Nd=Ns B) Y=G+C C) G=T D) w=z
Which of the following will not cause a shift in the demand curve for good X?
a. A change in the price of a complementary good. b. A change in the price of good X. c. A change in consumer tastes and preferences for good X. d. An increase in consumer income.