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Author Question: Which of the following will lead to a change in the opportunity cost of buying a pen and a pencil? ... (Read 20 times)

jrubin

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on: Jun 29, 2018
Which of the following will lead to a change in the opportunity cost of buying a pen and a pencil?
 
  A) An increase in the consumer's income
  B) A decrease in the consumer's income
  C) A twofold increase in the prices of both pens and pencils
  D) A twofold increase in the price of pens and a threefold increase in the price of pencils

Question 2

If the currency drain ratio is 30 percent and the desired reserve ratio is 10 percent, the money multiplier is
 
  A) 0.80.
  B) 1.25.
  C) 3.25.
  D) 5.00.
  E) 10.0.


Juro

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


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jrubin

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Reply #2 on: Jun 29, 2018
Thank you


Juro

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Reply #3 on: Jun 29, 2018
No problemo


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