Cash held by the public, excess reserves kept by banks, and a high required reserve ratio will increase the amount of new money created by an initial increase in excess reserves
Indicate whether the statement is true or false
true
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Excess reserves are
A. Total reserves less required reserves. B. Total reserves less transactions account balances. C. Bank reserves in excess of vault cash. D. Required reserves less demand deposits.
________ is the process by which representatives from a union and from management negotiate a mutually agreeable contract specifying wages, employee benefits, and working conditions
a. Binding arbitration b. A strike c. Mediation d. Collective bargaining
An Engel curve
A. always slopes down for an inferior good. B. may slope up or down for a normal good. C. does not relate to the normal or inferior good concepts. D. always slopes up for an inferior good.
If we consume 85 percent of our income, our APS is
A. -0.15. B. 0. C. 0.15. D. .85.