Increases in leakages cause the money multiplier to:
a) stay the same.
b) increase.
c) decrease.
d) fall to zero.
Ans: c) decrease.
Economics
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If an increase in the supply of a product in the market results in a decrease in price, but no change in the quantity traded, then
What will be an ideal response?
Economics
Suppose the equilibrium price of cotton is $100 per ton. A price support set at ________ than $100 per ton ________
A) less; increases producer surplus B) less; increases consumer surplus C) more; increases consumer surplus D) more; decreases marginal cost E) more; creates a surplus that the government must buy
Economics