Eurobank spreads exceed U.S. spreads
Indicate whether the statement is true or false
FALSE
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Historical evidence shows that the relationship between interest rates and investment is
A) indeterminable. B) positive. C) negative. D) None of the above.
Scarcity implies that people must
A) be miserable. B) be selfish. C) make choices. D) not be selfish.
Energy drinks and granola bars are normal goods. When the price of energy drinks decreases, the income effect causes
a. the consumer to feel richer, so the consumer buys more granola bars. b. the consumer to feel richer, so the consumer buys fewer granola bars. c. granola bars to be relatively more expensive, so the consumer buys more granola bars. d. granola bars to be relatively less expensive, so the consumer buys fewer granola bars.
If D equals the maximum amount of new demand-deposit money that can be created by the banking system on the basis of any given amount of excess reserves, E equals the amount of excess reserves, and m is the monetary multiplier, then:
A. D = m/E. B. m = E/D. C. D = E × m. D. D = E - 1/m.