The larger the public's currency drain from the banking system, the
A) smaller is the monetary base.
B) smaller is the money multiplier.
C) larger is the monetary base.
D) larger is the money multiplier.
B
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Use the following graph of total revenues to answer the question below. 
An increase in the quantity of product X demanded from 16,000 to 17,000 units implies that the price of product X was
A. reduced and the demand is inelastic. B. increased and the demand is inelastic. C. reduced and the demand is elastic. D. increased and the demand is elastic.
The most commonly used metric for measuring the value of a national economy is:
A. gross domestic product, or GDP. B. gross national product, or GNP. C. gross national income, or GNI. D. gross domestic income, or GDI.
Government purchases, under the expenditure approach to GDP accounting, do not include: a. state government purchases of plumbing services. b. Social Security benefit payments to retirees
c. the salaries of military officers. d. federal government purchases of computers.
Which statement is true?
A. Most monopolistic competitors are large firms. B. Monopolistic competitors produce goods or services for which there are no close substitutes. C. Monopolistic competitors usually operate at the minimum point of their average total cost curves. D. None of these statements are true.