The fall in the money multiplier and money supply during the Great Depression
a. suggests that the public but not banks can be a major participant in the money supply process.
b. implies that banks but not the public can be a major participant in the money supply process.
c. means that neither the banks nor the public were involved in the money supply process.
d. illustrates that both the public and banks can be major players in the money supply process.
D
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Minneapolis business Rogue Chocolatier sells specialty chocolate bars with a high cocoa content. If Rogue's average total cost decreases as the business increases plant size, then Rogue experiences
A) economies of scale. B) diseconomies of scale. C) diminishing marginal returns. D) constant returns to scale.
The long boom ended in
A) 1999. B) 2001. C) 2008. D) 2012.
If the Engel curve for a good is upward sloping, the demand curve for that good must be downward sloping
What will be an ideal response?
Firms may easily enter a monopolistically competitive market
a. True b. False