The farmer's association is a type of government with unlimited jurisdiction
Indicate whether the statement is true or false
F
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Suppose you are analyzing data for an economy in which Ricardian neutrality holds true. What happens if the budget deficit increases by 50?
a. Investments will increase by 50. b. Investments will decrease by 50. c. Private savings will decrease by 50. d. Private savings will increase by 50.
Scientific investigations that have no immediately obvious commercial applications are called
A. nonessential research. B. basic research. C. applied research. D. diffused research.
A monopsonist that wants to hire more labor must pay more for the new labor than it is currently paying and increase the wage rate of all existing employees because
A. of labor unions. B. the supply of labor is upward sloping. C. of competition in the labor market. D. the demand curve for labor is inelastic.
If banks hold no excess reserves, checkable deposits total $1.5 billion, currency totals $400 million, and the required reserve ratio is 10%, then the monetary base equals
A) $550 million. B) $1.54 billion. C) $1.9 billion D) $15 billion.