Unregulated markets will tend to
a. rapidly deplete any natural resource.
b. naturally conserve any depletable natural resource by pushing up its price every year by a constant dollar amount.
c. naturally conserve a depletable resource by pushing up its price at a constant rate every year.
d. deplete a resource unless new supplies are found.
c
Economics
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Assume that the reserve—deposit ratio is 0.2. The Federal Reserve carries out open-market operations, purchasing $1,000,000 worth of bonds from banks. This action increased the money supply by $2,600,000. What is the currency—deposit ratio?
A) 0.2 B) 0.3 C) 0.4 D) 0.5
Economics
When RBC economists work out a detailed numerical example of a more general theory, they are performing
A) econometrics. B) number theory. C) calibration. D) topology.
Economics