Which of the following terms depends on people re-depositing the money that they receive in the banking system?
a. Money multiplier
b. Savings and loan
c. Central bank
d. The creation of money
a. Money multiplier
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The experience of Paul Volcker's fight against inflation during the late 1970s and early 1980s indicates that firms and workers may have
A) had adaptive expectations. B) had rational expectations but didn't trust Fed announcements. C) preferred high unemployment to high inflation. D) Both A and B are correct answers.
Specific tariffs are collected as
A) fixed amounts of money per unit traded. B) a percentage of the price of the product. C) a percentage of the quantity of imports. D) All of the above.
The endpoints (horizontal and vertical intercepts) of the budget line:
A) measure its slope. B) measure the rate at which one good can be substituted for another. C) measure the rate at which a consumer is willing to trade one good for another. D) represent the quantity of each good that could be purchased if all of the budget were allocated to that good. E) indicate the highest level of satisfaction the consumer can achieve.
Average costs curves later rise
a. Due to declining average fixed costs b. Due to rising average fixed costs c. Due to declining marginal costs d. Due to rising marginal costs