What is the value of the deposit multiplier in a 100-percent reserve banking system?

A) 0.
B) 1
C) a value between 0 and 1
D) a value greater than 1


Ans: B) 1

Economics

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Behavioral economists suggest that the reason why many consumers tend to stick to one brand in things that they often buy, like food items, is people's tendency to have the:

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The concept of twin deficits refers to ________

A) the phenomenon of simultaneous trade and government budget deficits B) the phenomenon of simultaneous government and private budget deficits C) the phenomenon of simultaneous state and federal budget deficits D) all of the above E) none of the above

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Which of the following is true? a. A depression is a recession that is mild and relatively brief

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Economics