The concept of "proved reserves" refers to the amount of a resource that can be produced
a. in one year's time.
b. in the next ten years.
c. before it runs out.
d. at current prices and technology.
D
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________ in the currency drain ratio and ________ in the desired reserve ratio ________ the money multiplier
A) An increase; a decrease; increase B) A decrease; a decrease; increase C) A decrease; an increase; decrease D) An increase; an increase; increase E) An increase; a decrease; decrease
Social Security was established
a. in the 1930s to provide retirement income to those with a work history b. in the 1930s to provide jobs for the unemployed c. in the 1930s to provide health insurance d. in the 1960s to provide retirement income to those with a work history e. in the 1960s to provide health insurance
Fiscal policy involves changes in _____
a. government spending b. the amount lent by banks c. the interest rate d. the capital markets
People will typically buy more of a product if the price increases.
a. true b. false