If the MPC in the United States was high, it would increase the value of the multiplier.

U.S. official reserves are

A) equal to the balance on the capital and financial account. B) equal to the value of U.S. government debt in the hands of foreigners. C) equal to the government's holding of gold. D) equal to the value of the government's oil reserves. E) the government's holding of foreign currency.

Which of the following would create a natural monopoly?

A) ownership of all the available units of a necessary input B) an exclusive right granted to supply a good or service C) requirement of a government license before the firm can sell the good or service D) technology enabling a single firm to produce at a lower average total cost than two or more firms E) a patent granted the producer of the good or service