The money multiplier is the
A) fraction of the monetary base that is kept in currency.
B) number of times that the Fed conducts open market operations in a month.
C) factor by which a change in the monetary base is multiplied to give the change in the quantity of money.
D) factor by which a change in the deposits base is multiplied to give the change in the monetary base.
E) proportion by which a change in the quantity of money changes the monetary base.
C
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Discrimination that occurs because the discriminator dislikes another person's gender, race, or some other personal characteristic is known as
A) taste-based discrimination. B) indirect discrimination. C) justifying discrimination. D) statistical discrimination.
Cyclical unemployment is the result of the business cycle
a. True b. False Indicate whether the statement is true or false
For both parties to gain from trade, the price at which they trade must lie exactly in the middle of the two opportunity costs
a. True b. False Indicate whether the statement is true or false
Adam Smith in The Wealth of Nations argued that:
a. society works best when people act unselfishly b. society works best when people act in their own self interest c. society works best when people act as if they are invisible to others d. the social order needs the guidance of the government's visible hand e. none of the above