The money multiplier is much lower today than it was twenty-five years ago because:
A. people are holding less currency today.
B. credit cards are more widely used.
C. there is less currency available today.
D. the currency-to-deposit ratio is much higher today.
Answer: D
You might also like to view...
Refer to the above table. What does the marginal physical product equal when the amount of labor goes from 12 to 13 units?
A) 58.5 B) 70 C) 690 D) 760
For a perfect competitor, marginal revenue equals
A) the slope of the demand curve. B) average revenue divided by price. C) price divided by average revenue. D) the market price.
The SRAS would be vertical: a. if there was no profit effect
b. if there was no misperception effect. c. if there was no profit effect or misperception effect. d. under no conceivable set of circumstances.
The market for _____ is an example of an oligopoly
a. hair gel b. body deodorants c. running shoes d. commercial aircrafts