The ________ multiplier is defined as the quantity of money that the banking system can generate from each $1 of bank reserves.
a. fiscal
b. production
c. money
d. banking
c. money
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A deficit is defined as
A) the excess of total revenues over total expenditures. B) the sum of all past borrowing by the government. C) the excess of total expenditures over total revenues. D) government spending plus transfer payments.
Financial innovations occur because of financial institutions search for
A) profits. B) fame. C) stability. D) recognition.
Which of the following describes a tying contract?
a. The seller of one product requires the buyer to purchase some other product(s). b. One firm buys the stock of a competing firm. c. The directors of one company serve on the board of directors of another company in the same industry. d. An agreement between a manufacturer and a retailer based on the condition that the retailer is not to carry any rival products of the manufacturer.
The most fundamental concepts underlying the discipline of economics are:
a. scarcity and choice. b. supply and demand. c. money, stocks, and bonds. d. inflation and unemployment.