If the reserve ratio is 15 percent, the money multiplier is

A perfectly competitive wheat farmer in a constant-cost industry produces 1,000 bushels of wheat at a total cost of $50,000. The prevailing market price is $48. What will happen to the market price of wheat in the long run?

A) The price remains constant at $48. B) The price rises above $48. C) The price falls below $48. D) There is insufficient information to answer the question.

It is reasonable to assume that in a developed economy technological shocks occur ________ across industries, which ________ the RBC theory of business cycles

A) randomly, opposes B) randomly, supports C) uniformly, opposes D) uniformly, supports