An increase in the reserve requirement will lead to increased net exports.
Answer the following statement true (T) or false (F)
False
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A perfectly elastic demand curve implies that, ceteris paribus,
A. the price a firm charges is irrelevant, as it will sell the same amount regardless of the price charged. B. a firm can sell more by lowering its price. C. a firm can raise its price and not lose all its customers. D. if a firm raises its price above the market price, quantity demanded will equal zero.
In larger markets, the quest for profit by firms motivates them to be innovative and produce new and more appealing products
Indicate whether the statement is true or false
Beef is a normal good and people's incomes fall. At the same time a bumper corn crop reduces the cost of feeding steers. These changes result in
A) an increase in the equilibrium quantity of beef. B) an increase in the equilibrium quantity of beef if the shift in the demand curve is smaller than the shift in the supply curve. C) an increase in the equilibrium quantity of beef if the shift in the demand curve is larger than the shift in the supply curve. D) no change in the equilibrium quantity of beef.
The condition, MRS1,'C' = w ', describes the representative consumer's
A) investment decision. B) consumption - savings decision. C) current period work - leisure decision. D) future period work - leisure decision.