A shock that could trigger an expansion is a
a. large increase in oil prices
b. financial crisis
c. sudden cutback in military spending
d. large decrease in oil prices
e. sudden increase in the interest rate
D
Economics
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The formula for the simple deposit multiplier is
A. 1/RR B. -RR/1-RR C. 1/1-RR
Economics
Refer to Table 4-1. The table above lists the highest prices three consumers, Curly, Moe, and Larry, are willing to pay for a bottle of champagne. If the price of one of the bottles is $95 dollars, total consumer surplus will be
A) $0. B) $35. C) $80. D) $95.
Economics