________ utility is the additional satisfaction gained by consuming ________ of a good.
A. Marginal; one more unit
B. Total; no more units
C. Total; one more unit
D. Marginal; all units
Answer: A
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When a person cashes a check drawn on her own account, the money supply
A. increases. B. decreases. C. remains the same. D. increases because of interest rates.
A four-firm concentration ratio measures
A) the extent to which industry sales are concentrated among the four largest firms in the industry. B) the price elasticity of demand among the four largest firms in an industry. C) the number of firms in an industry. D) the price elasticity of demand in an industry.
If the required reserve ratio is 15 percent, there is no currency drain, and banks loan all of their excess reserves, an increase in the monetary base of $20,000 leads to a total increase in the quantity of money of
A) $200,000. B) $133,333. C) $3,000. D) $20,000. E) $300,000.
A perfectly elastic demand curve has an elasticity coefficient of:
a. 0. b. 1. c. less than 1. d. infinity.