The short run is depicted by a vertical supply curve
Indicate whether the statement is true or false
F
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If the required reserve ratio is .5, the deposit contraction multiplier is
A) .5. B) 2. C) 2.5. D) 5.
Which of the following is the correct way to calculate marginal utility per dollar?
a. Total utility/price b. Change in total utility/price c. Marginal utility/price d. Quantity/price
You receive a paycheck from your employer, and your pay stub indicates that $300 was deducted to pay the FICA (Social Security/Medicare) tax. Which of the following statements is correct?
a. The $300 that you paid is not necessarily the true burden of the tax that falls on you, the employee. b. Your employer is required by law to pay $300 to match the $300 deducted from your check. c. This type of tax is an example of a payroll tax. d. All of the above are correct.
GDP does not reflect
a. the value of leisure. b. the value of goods and services produced at home. c. the quality of the environment. d. All of the above are correct.