The money multiplier can be as ________ as the reciprocal of the reserve ratio but is usually ________.
A. high; lower
B. high; constant
C. low; constant
D. low; higher
Answer: A
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Use the information in the following table to answer the next question.Money SupplyMoney DemandInterest RateInvestment (at interest rate shown)$400$6002%$7004005003600400400450040030053004002006200The amount of investment that will be forthcoming in this economy at equilibrium is ________.
A. $500 B. $600 C. $700 D. $300
The observation that countries with high rates of population growth don't have higher per capita income ________
A) suggests that the Solow model is unrealistic B) implies that technology doesn't work as well in countries where the population is growing rapidly C) is not supported by most empirical studies D) is consistent with the Romer model as applied to the world as a whole
In 2005, which union organization was formed out of the AFL-CIO membership?
A) National Brotherhood of Teamsters B) Service Employees International Union C) American Federation of Workers D) Change to Win
If there is employment discrimination against minorities, this will cause the:
a. supply of their services to increase, and their wages to fall. b. demand for their services to decline, and their wages to fall. c. supply of their services to decline, and their wages to rise. d. demand for their services to decline, and their wages to rise.