Any cost of negotiating or enforcing a contract is
a. an external cost.
b. a private cost.
c. a transaction cost.
d. a side payment.
c. a transaction cost.
Economics
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As the reserve ratio increases, the money multiplier.
a) Increases. b) Does not change. c) Decreases. d) Could do any of the above.
Economics
Decreases in net taxes, increases in the Z factors, and increases in government spending are contractionary policies.
Answer the following statement true (T) or false (F)
Economics