Tobacco prices fell dramatically in the early 1600s in spite of demand increases because:
a. supply was also increasing.
b. supply was decreasing.
c. new farming machinery was introduced.
d. the colonial government provided agriculture subsidies for tobacco farmers.
a. supply was also increasing.
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What does inflation do to the value of the oversimplified multiplier?
a. Inflation increases the value of the multiplier above the value of the oversimplified formula. b. Inflation does not change the value of the multiplier. c. Inflation decreases the value of the multiplier below the value of the oversimplified formula. d. Inflation increases the value of the multiplier unless the level of unemployment also rises.
Suppose a bank has $2 million in excess reserves and total reserves of $10 million. A required reserve ratio of 10% is applicable to all deposits at the bank. What is the total amount of deposits at the bank?
a. $100 million b. $8 million c. $800 million d. $80 million e. $10 million
The nominal distribution for count data is the:
A. binomial distribution. B. normal distribution. C. Poisson distribution. D. Bernoulli distribution.
Describe the four determinants of exchange rates in the long run
What will be an ideal response?