If banks hold excess reserves, then the increase in the money supply that is brought about by an increase in demand deposits will not be as large as its potential
Indicate whether the statement is true or false
T
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In the nation of Transporta, the income elasticity of demand for used cars is -2.66. So when incomes in this nation increase by 10 percent
A) the quantity of used cars demanded will increase by 26.6 percent. B) used cars will be normal goods. C) the quantity of used cars demanded will decrease by 26.6 percent. D) the demand curve for used cars will shift rightward.
In 2009, which of the following countries had the lowest average unemployment rates?
a. Canada b. France c. Italy d. Germany e. United States
Refer to the graph shown. The line segment that represents average fixed costs of producing Q* is:
A. CB. B. AB. C. AC. D. cannot be determined.
Prices received by farmers relative to prices paid by farmers have been
a. increasing since 1950 b. constant since the 1920s c. decreasing since 1950 d. in parity since the 1930s e. higher as a result of price floors