An inferior good is defined by an income elasticity less than 1

When the monetary base increases by $4 billion, the quantity of money increases by $10 billion. Thus, the money multiplier equals

A) 0.4. B) 2.5. C) 40.0. D) none of the above.

In Thailand in the late 1990s, there was pressure for the value of the baht to decline as foreign investors began to

A) increase their investments in Thailand and exchanged their dollars for baht. B) increase their investments in Thailand and exchanged their baht for dollars. C) sell off investments they had made in Thailand and traded in their baht for dollars. D) sell off investments they had made in Thailand and traded in their dollars for baht.