The actual money multiplier multiplied by the change in total reserves is the
A. discount rate.
B. actual change in the money supply.
C. federal funds rate.
D. potential money multiplier.
Answer: B
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________ raised average tariff rates by over 50 percent in the United States in 1930
A) NAFTA B) The WTO C) The GATT D) The Smoot-Hawley Tariff
A price floor in a competitive market will result in persistent shortages of a product.
Answer the following statement true (T) or false (F)
To enhance their prestige, some country clubs like to point to the fact that they have a waiting list for new members. Even at clubs with high initiation fees, it is common that prospective members have to wait three or more years before there is room
for them on the membership rolls. How do these country clubs set the price of membership to ensure that they have a waiting list? A) Set the membership price above the market clearing price. B) Set the membership price below the market clearing price. C) Set the price so that the quantity supplied of memberships exceeds the quantity demanded. D) Set the price at a level that will generate a surplus of memberships.
Compared to a country with an MPC of 0.9, a country with an MPC of 0.5 would have to change government expenditures by ________ as much to have the same impact on real GDP.
A. twice B. three times C. four times D. five times