The required reserve ratio is 10 percent, and the potential change in demand deposits is $100 million. What are original excess reserves?
A) $10 million
B) $100 million
C) $1 million
D) $1 billion
A
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In the above figure, what is the marginal cost of the 4th pizza?
A) $0 B) $4 C) $9 D) $36 E) 4 pizzas
The inflation rate in Venezuela has increased between 2005 and 2010, rising from 14 percent per year to 31 percent per year. At the same time, the growth rate of real GDP fell from 10 percent per year to -2.6 percent per year
The quantity theory of money A) states that the inflation rate over the period would average 4 percent. B) predicts that the velocity of money will decrease over the period. C) states that the growth rate of money must have increased over the period. D) predicts that nominal GDP will decrease over the period.
Total income from the domestic production of final goods and services equals
a. only household expenditures on these goods and services b. only household and business expenditures on these goods and services. c. only household and government expenditures on these goods and services. d. the expenditures on these goods and services by whoever buys them.
The firm's long-run supply curve begins at an output of
A. 100.
B. 150.
C. 215.
D. 300.