Raising the required reserve ratio __________ the simple deposit multiplier which will __________ the economy's money supply
A) raises; increase
B) raises; decrease
C) lowers; increase
D) lowers; decrease
D
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Refer to Table 7-6. Prior to trade, what was the opportunity cost to produce 1 belt in Morocco?
A) 1/2 of a sword B) 1 sword C) 1.5 swords D) 2 swords
Laissez-faire proponents contend that the government can serve a valuable role in encouraging firms to engage in research and development by creating a patent system
Indicate whether the statement is true or false
How much is a person’s investment worth after 25 years if they invest $200 at 3%?
a. $418 b. $350 c. $275 d. $260
Which of the following policies would not prevent the Social Security trust fund from running out of assets?
A. Reduce promised benefits B. Earn a higher rate of return C. Increase taxes D. Reduce taxes