The demand deposit multiplier is always less than 10

The perfectly competitive market structure benefits consumers because

A) firms add a much smaller markup over average cost than firms in any other type of market structure. B) firms produce high-quality goods at low prices. C) firms do not produce goods at the lowest possible price in the long run. D) firms are forced by competitive pressure to be as efficient as possible.

In September 2010, the finance minister of ________ declared that the world was "in the midst of an international currency war" because of rapid appreciation in the value of the country's currency, the ________

A) England; pound sterling B) Germany; euro C) Japan; yen D) China; renminbi E) Brazil; Real