Other things the same, if reserve requirements are increased, the reserve ratio
a. increases, the money multiplier increases, and the money supply increases.
b. increases, the money multiplier decreases, and the money supply decreases.
c. decreases, the money multiplier increases, and the money supply increases.
d. decreases, the money multiplier decreases, and the money supply increases.
b
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The Taft-Hartley Act made all of the following illegal EXCEPT
A) jurisdictional disputes. B) the Congress of Industrial Organizations. C) make-to-work laws. D) closed shops.
Suppose that the share of population employed in Country B is 50 percent, and that Countries B and C have the same real GDP per capita. Based on the information in the table, what share of Country C's population must be employed? CountryPopulation (millions)Average Labor Productivity ($)A1002,000B15010,000C7525,000D25050,000E9560,000
A. 5.0 percent B. 20.0 percent C. 50.0 percent D. 40.0 percent
In the graph showing an increase in the growth of the money supply, expansionary policy moves the inflation rate up the short-run Phillips curve by an increase of ______.
a. 1 percentage point
b. 3 percentage points
c. 5 percentage points
d. 6 percentage points
Explain why expenditure switching and expenditure reducing policies need to be used together
What will be an ideal response?