During the international crises of 1837 and 1857,
(a) the U.S. and England were connected financially.
(b) the British were pursuing heavy internal improvements.
(c) the U.S. was in the midst of heavy industrial expansion.
(d) all of the above were true.
(a)
Economics
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A consumer values a car at $30,000 and a producer values the same car at $20,000 . If a tax is levied on the seller, what level of tax will result in unconsummated transaction?
a. 0% b. 25% c. 60% d. 40%
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For any value of the required reserve ratio (RRR), the demand deposit multiplier is
a. 1/RRR b. 1 - (1/RRR) c. RRR multiplied by the change in reserves d. 1 - RRR e. (1/RRR) -1
Economics