If the required reserve ratio (RR) is 20 percent, the simple deposit multiplier is
A) 2. B) 5. C) 10. D) 20.
B
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Empiricism refers to the process of:
A) making choices using values and beliefs. B) measuring variables. C) testing ideas using data. D) collecting and organizing data.
When a tariff is imposed on a good, the ________ increases
A) domestic quantity purchased B) domestic quantity produced C) quantity imported D) quantity exported E) world price
If marginal cost is less than average variable cost and output increases, average total cost ________ and average variable cost ________
A) increases; increases B) decreases; decreases C) decreases; increases D) increases; decreases
A decrease in the liquidity of corporate bonds will ________ the yield of corporate bonds and ________ the yield of Treasury bonds, everything else held constant
A) increase; increase B) decrease; decrease C) increase; decrease D) decrease; increase