Estimating the value of an injured or deceased person's life by calculating what he or she would have earned over the remainder of his or her life is called the

A common misperception about consumer demand is that

a. demand depends on many other variables. b. price is a major determinant of quantity. c. it is a fixed amount. d. quantity cannot be determined in advance. e. All of the above are correct.

The simple deposit multiplier? is

A) the reciprocal of the required reserve ratio. B) always 1. C) the same as the required reserve ratio. D) different from bank to bank even if the required reserve ratio is the same for all banks.