Refer to the information provided in Figure 34.1 below to answer the question(s) that follow.
Figure 34.1Refer to Figure 34.1. The ________ in this economy is 1.25.
A. MPS
B. MPC
C. MPM
D. open economy multiplier
Answer: D
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Everything else held constant, an increase in the required reserve ratio on checkable deposits causes the M1 money multiplier to ________ and the money supply to ________
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
Adam Smith believed that the goal of economic activity is to amass wealth in the form of gold, and that this could best be accomplished through government carefully using tariffs and quotas to fashion favorable terms of trade with its trading partners
a. True b. False Indicate whether the statement is true or false
Interest rates would __________ if the supply of loanable funds decreased.
A. stay the same B. decline C. rise
Why does a toothbrush have an inelastic demand and an automobile have an elastic demand?
What will be an ideal response?