If banks hold excess reserves whereas before they did not, the money multiplier:

For a competitive firm experiencing diminishing marginal productivity, the value of the marginal product (i) increases when the price of output decreases. (ii) changes when marginal product changes. (iii) diminishes as the number of workers rises

a. (i) and (ii) b. (i) and (iii) c. (ii) and (iii) d. All of the above are correct.

The two basic types of government regulation are

A. social regulation and labor law. B. social regulation and economic regulation. C. economic regulation and industry regulation. D. regulation of natural monopolies and regulation of cartels.