A $10 million open market sale will decrease the monetary base by
A) $10 million.
B) $10 million times the money multiplier.
C) $10 million divided by the money multiplier.
D) an amount between $0 and $10 million, depending on the fraction of the purchase the public wishes to hold as currency.
A
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The main function of the 1997 Stability and Growth Pact (SGP) was to
A) exclude a highly indebted EMU country B) enhance cooperation between France and Germany. C) make the Euro a weak currency. D) distribute the Euro banknote among European central banks and to create a timetable for the imposition of financial penalties on countries that fail to correct situations of "excessive" deficits and debt promptly enough. E) determine specialized penalties for each member nation.
Real per capital GDP in the United States is:
A. over three times what it was a century ago. B. over seven times what it was a century ago. C. over 30 times what it was a century ago. D. about the same as it was a century ago.
Prior to Keynes, the prevailing viewpoint concerning equilibrium in the economy was that of
a. supply-side economics. b. monetarism. c. classical economics. d. depression economics.
A number of factors are believed to have caused changes in the natural rate of unemployment in the United States during the 1990s. Briefly comment on each of these factors
What will be an ideal response?