For this question, assume that individuals do not hold currency (i.e., c = 0). The money multiplier is equal to
A) 1.
B) 1/(1 - c).
C) ?.
D) 1/(1- ?).
E) none of the above
E
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If the price of a Domino's pizza decreases while the price of a Pizza Hut pizza is unchanged, then probably the demand for Pizza Hut pizza:
A. increases as some people switch from Pizza Hut to Domino's. B. decreases as some people switch from Pizza Hut to Domino's. C. remains unchanged. D. will depend on what happens to the supply of Pizza Hut pizza.
The existence of differences between the average earnings of men and women
A. proves the existence of economic discrimination. B. may be partially due to factors other than economic discrimination. C. proves that men on average invest more in their human capital than women do. D. indicates that men are on average smarter than women.