Refer to Table 21.1. If Martha's income doubled to $220,000 while the incomes of the other four residents did not change, what would happen to the original median income on Richlandia?
A) It would increase by $22,000.
B) It would increase by $44,000.
C) It would double.
D) It would not change.
D
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Profit maximization
A) makes a firm become as large as possible. B) makes a firm remain small in the long run. C) increases the likelihood that a firm will survive. D) leads a firm to become the target of a takeover.
The money multiplier is
A) simply one over the required reserve percentage. B) the relationship between bonds and money. C) the way to calculate the impact of open market operations on foreign exchange reserves. D) equal to total reserves divided by total deposits.
If the exchange rate between the U.S. dollar and the Euro were 1.50 ($1.50 = one Euro), what would be the price in dollars of a German automobile that cost 40,000 Euros?
a. $10,000 b. $20,000 c. $60,000 d. $200,000
If the Fed buys securities on the open market, this will
A. reduce banks' excess reserves. B. increases banks' excess reserves. C. lower the reserve requirement. D. contract the money supply.