If the money multiplier is 8, the required reserve ratio is

An equilibrium in which each firm in an oligopoly maximizes profit, given the actions of its rivals, is called

a. a general equilibrium. b. a dominant equilibrium. c. a Nash equilibrium. d. an oligopoly equilibrium.

The labor demand curve of a firm that sells its product in a purely competitive market:

A. Is horizontal or perfectly elastic B. Is downsloping and flatter than the labor demand curve of a firm that sells its product in an imperfectly competitive (or monopolistic) market C. Is upsloping D. Is downsloping and steeper than the labor demand curve of a firm that sells its product in an imperfectly competitive (or monopolistic) market