Reverse causation is the idea that
A) current increases in output cause future increases in the money supply.
B) current increases in the money supply cause future increases in output.
C) expected future increases in the money supply cause increases in current output.
D) expected future increases in output cause increases in the current money supply.
D
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As Mary's income increases by 20 percent, her demand for tickets to National Hockey League games increases by 10 percent. Mary's demand for tickets is income ________; for Mary, hockey tickets are ________ good
A) elastic; a normal B) inelastic; a normal C) elastic; an inferior D) inelastic; an inferior
Explain why a centrally-planned economy might not grow as rapidly as a market economy
What will be an ideal response?
If the required reserve ratio is 25 percent, the simple deposit multiplier is
A) 5.0. B) 2.5. C) 4.0. D) 10.0.
The riskiness of an asset is measured by
A) the magnitude of its return. B) the absolute value of any change in the asset's price. C) the standard deviation of its return. D) risk is impossible to measure.