Everything else held constant, an increase in the money market fund ratio will result in ________ in the M1 money multiplier and ________ in the M2 money multiplier

If a major league baseball player would be willing to work for $500,000 per year and is currently being paid $1,200,000 per year, the opportunity cost of his decision to play baseball is

A) $500,000. B) $1,200,000. C) $1,700,000. D) $700,000.

A monopolist's demand curve is less elastic than a perfect competitor's demand curve

a. True b. False Indicate whether the statement is true or false