The ________ the desired reserve ratio, the ________ the ________ in the quantity of money created from an initial increase of $100,000 in the monetary base
A) smaller; larger; decrease
B) larger; larger; decrease
C) larger; smaller; decrease
D) smaller; larger; increase
E) larger; larger; increase
D
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When a firm experiences negative technological change it can produce the same output with fewer inputs
Indicate whether the statement is true or false
Regarding the issue of slavery, the Constitution
(a) denounced it as being inconsistent with the rights of man and called for its eventual elimination, though it did not specify clearly how or when this was to be done. (b) gave slavery legitimacy and support. (c) made no mention of slavery, with the hope, apparently, that the individual states would deal with it if they saw it as a problem. (d) required that the slave trade be immediately banned with all slavery to be abandoned in twenty years.
Fixed investment includes all of the following except:
a. all purchases by businesses that add to their inventories b. all spending on capital goods. c. all spending on producer goods. d. all spending on goods that increase future production capabilities.
If an economy is being "productively efficient," then that means the economy is:
A. Producing the products most wanted by society B. Fully employing all economic resources C. Maximizing the returns to factors of production D. Using the least costly production techniques