________ in the currency drain ________ the money multiplier
A) A decrease; does not change
B) An increase; increases
C) A decrease; decreases
D) An increase; decreases
D
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Models should:
A. attempt to include every detail of the situation being studied. B. attempt to describe a situation with perfect accuracy. C. not be applied to microeconomics. D. describe a real life situation accurately.
Goods produced by people in one country that are sold in other countries are called
a. tariffs b. surplus c. exports d. services e. imports
If price were $14, there would be a (shortage or surplus) _____ of _____.
Which of the following statements is true?
A. The war theory of the business cycle is endogenous. B. The second part of the expansion phase of the cycle is prosperity. C. We have business cycles of different lengths but the same amplitudes.