Giffen goods
A) have not existed since prior to the Industrial Revolution.
B) were proven to exist in the 1890s by Sir Robert Giffen.
C) were not shown to actually exist until 2006.
D) are theoretical and have never been discovered in the real world.
C
Economics
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According to the IGM poll, what percentage of economists polled agreed that the benefits of ARRA exceeded the costs?
a. 75% b. 19% c. 6% d. 97%
Economics
The money multiplier is
A) Assures that excess reserves will be driven to zero. B) The number of times GDP can be increased by expansion of the money supply. C) Is equal to the fractional reserve requirement ratio times total reserves. D) None of the above.
Economics