A dollar's value can change:
A. over time.
B. across different locations.
C. Both of these statements are true.
D. Neither of these statements is true.
C. Both of these statements are true.
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Assume an economy with a single bank, no excess reserves, no savings accounts, and no currency held by the public. With a required reserve ratio of .4, the demand deposit expansion multiplier is
A) 20. B) 10. C) 4. D) 2.5.
A consumer is said to be indifferent between two consumption bundles
A) when the consumer doesn't care about his or her consumption bundle. B) when the two bundles provide equal amounts of utility. C) when the consumer chooses the bundles equally often. D) when the consumer is indecisive.
Which of the following is true?
a. A budget deficit will reduce the national debt. b. A budget deficit will increase the national debt. c. A balanced budget will increase the national debt. d. A budget surplus will increase the national debt.
An investment will pay $2,000 a quarter of the time; $1,600 half of the time and $1,400 a quarter of the time. The standard deviation of this asset is:
A. $217.94 B. $1,650 C. $600 D. $47,500