In the reality TV show Storage Wars, people bid on the contents of repossessed storage units without being able to evaluate the contents. This is an example of a ________ auction

Which of the following signals a normative economic statement?

a. is b. has been shown to be c. should be d. can be e. is more than

If the Fed increases the reserve ratio from 5 percent to 12.5 percent, then the money multiplier

a. decreases from 20 to 8. b. decreases from 12.5 to 5. c. increases from 8 to 20. d. increases from 5 to 12.5.