If a country were to join a currency union (for example, the European single currency, the Euro), its businesses would experience all of the following except which one?
In a given economy of every $1 of additional income:
$0.68 is spent on consumption of domestically produced goods
$0.13 is spent on imported goods
$0.15 is taxed by government
What is the value of the multiplier in this economy?
All of the following would be motives for a horizontal merger except one. Which ONE is the exception?
100 of new cash is issued, which is then deposited in a bank which is part of a banking system operating a cash ratio of 10%. The maximum possible increase in the money supply which can follow from this transaction, additional to the initial deposit, is
