If the currency drain ratio is 30 percent and the desired reserve ratio is 10 percent, the money multiplier is

The law of diminishing marginal returns is seen in the

A) calendar year. B) short run. C) long run. D) market horizon.

The unintended consequences of an economic change that are not immediately identifiable but are felt only with time are known in economics as

a. opportunity costs. b. marginal effects. c. secondary effects. d. scarcity constraints.