Which of the following is the best example of physical capital used to produce a textbook?
a. the expertise and writing ability of the author
b. the ink used in the printing press
c. the printing press
d. the property on which the publisher's office is located
e. the time spent by editors reviewing the textbook
C
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When the Fed wants to expand the money supply, it
a. buys government securities. b. sells government securities. c. buys common stock. d. sells common stock.
In Table 13-1, if the required reserve ratio is 10 percent, what will happen to the money supply? Use the oversimplified money multiplier in your calculations
a. The money supply will decrease by $100 million. b. The money supply will decrease by $10 million. c. The money supply will not change. d. The money supply will increase by $10 million. e. The money supply will increase by $100 million.