According to the text, the actual M2 multiplier in the United States today is
A. over 10.
B. negative.
C. about 4.
D. about 1.
Answer: C
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The federal funds rate is the
What will be an ideal response?
Since 1929, total government taxes as a percentage of GDP:
A. climbed from 10 percent to about 30 percent. B. remained close to 30 percent. C. climbed from 30 percent to about 50 percent. D. climbed from 15 percent to about 50 percent.
Which of the following is a negative effect of economic growth?
A. higher inflation B. environmental pollution C. higher unemployment D. all of these
When generic drugs enter the market after the patent for a brand name drug expires, the price of the brand name drug often increases. This is usually due to
A) the demand curve for the brand name drug shifting in but becoming more inelastic. B) the demand curve for the brand name drug not shifting, but the marginal cost of producing the good increases. C) the demand curve for the brand name drug shifting in but becoming more elastic. D) the demand curve for the brand name drug not shifting, but loyal customers are willing to pay a higher price for the brand name drug.