If the reserve ratio is 8 percent, then an additional $800 of reserves can increase the money supply by as much as

If the government imposes an effective ________, a deadweight loss ________

A) price floor; does not occur B) price ceiling; does not occur C) price ceiling; occurs D) price support; does not occur E) Both answers C and D are correct.

The marginal product of labor is defined as

A) the change in total revenue that results when an additional unit of a labor is hired. B) the additional labor required to produce one more unit of output. C) the additional labor cost of producing one more unit of output. D) the change in output that a firm produces as a result of hiring one more worker.