If the money multiplier is approximated to be 4, then the reserve ratio must be:
A. 25 percent.
B. 2.5 percent.
C. 5 percent.
D. 4 percent.
A. 25 percent.
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The information in the table above gives the 2012 reference base period CPI basket and prices used to construct the CPI for a small nation. It also has the 2013 prices. What is the value of the CPI for 2013?
A) 140 B) 133 C) 100 D) 75
There are three consumers in the market for playing cards: Don, John, and Ron. At a price of $2 per pack, the quantities demanded by each are 3, 2, and 1, respectively. At a price of $1.50 per pack, the quantities demanded by each are 4, 5, and 3, respectively. Which of the following is true?
a. The market demand curve for playing cards does not obey the law of demand. b. The price decrease causes the quantity demanded in this market to increase by 6. c. The price decrease causes John's demand curve to shift the most. d. At a price of $1 per pack, the quantity demanded in this market must be 20. e. Don's behavior does not obey the law of demand.
Efficient allocation of resources makes everyone better off.
Answer the following statement true (T) or false (F)
In the Interstate Baking case discussed in this? chapter, scanner data showed that the products of Interstate and Continental Baking were close substitutes ?, so a merger would lead to higher prices .
In the Interstate Baking case discussed in this? chapter, scanner data showed that the products of Interstate and Continental Baking were
?, so a merger would lead to higher