If the Federal Reserve lowers the required reserve ratio, people will end up taking out ________ because the interest rates ________
A) more loans; will rise
B) the same number of loans; will not change
C) more loans; will fall
D) fewer loans; will rise
E) fewer loans; are controlled by the economic conditions alone
C
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Our most important trading partner is _____________.
Fill in the blank(s) with the appropriate word(s).
If the central bank targets interest rates, then the LM curve is
a. vertical. b. horizontal. c. upward sloping. d. downward sloping.
Which of the following government policies might increase labor supply?
a. Increasing transfer payments to the needy. b. Decreasing income tax rates. c. Increasing income tax rates. d. Increasing the availability of government training programs. e. Increase payroll taxes.
Which of the following economies has the lowest ratio of Social Security benefits to GDP in 2006?
a. United Kingdom b. Netherlands c. Canada d. France e. United States