Recent studies on the effectiveness of fiscal policy tend to suggest that increases in government spending are more effective than tax cuts in stimulating real GDP

In monopoly, _____

a. the firm's demand curve is the market demand curve for the product b. the marginal revenue is less than the price c. the firm can set its price anywhere but will enhance its profits by raising or lowering the price, depending on the circumstances d. all of these

In the money and credit expansion process, the total change in checkable deposits is equal to the initial change in excess reserves _____

a. multiplied by the required reserve ratio b. plus the change in required reserves c. divided by the reciprocal of the required reserve ratio d. multiplied by the reciprocal of the required reserve ratio e. divided by the change in required reserves