The actual money multiplier multiplied by the change in total reserves is the
A) actual change in the money supply. B) potential money multiplier.
C) federal funds rate. D) discount rate.
A
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For social cooperation to be promoted, an effective system of property rights will be one in which people
A) behave cautiously and considerately because their rights are not clear. B) enjoy most rights in common with all other members of the society. C) know exactly what their rights are and don't expect them to change significantly. D) know their rights are always dependent upon continuing majority approval. E) realize the rules of the game can change at any moment.
Which of the following would a behavioral economist be most likely to study?
a. how raising price affects demand for new technology products with no known substitutes b. the effect of consumer equilibrium on a hypothetical transnational marketplace c. how websites that favor one- or five-star customer reviews influence purchasing decisions d. the effects of financial debt on the psychological health of consumers and appropriate treatments