An increase in the reserve ratio would tend to
A. increase excess reserves and raise the money multiplier.
B. decrease excess reserves and decrease the money multiplier.
C. increase excess reserves and decrease the money multiplier.
D. decrease excess reserves and raise the money multiplier.
Answer: B
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If a buyer in an economic transaction has more information than the seller, the buyer benefits at the expense of the seller. This phenomenon is due to
A) moral hazard. B) economically irrational behavior. C) gains from trade. D) adverse selection.
Which of the following statements is true about monopsony? a. Monopsonists face an upward-sloping supply curve of labor as long as unions control the supply curve of labor
b. Monopsonists can choose to hire any number of workers they wish. c. Monopsonists are also monopolists. d. Monopsonists will keep hiring until the worker's MRP = TLC. e. Monopsonists face a horizontal supply curve of labor as long as unions do not control the supply of labor.
Which of the following people is counted in the labor force?
a. Len Waxman, who lost his job and last looked for work three months ago b. Bob Bandeen, who holds an MBA in management but can only find part-time employment at a fast-food restaurant c. Phil Esposito, who would like to work as a stockbroker but is now a househusband d. Michael Curtis, who has schemes of getting rich but has never worked in his life, nor plans to e. Bedonna Zack, age 90, who is enjoying her retirement in Montana
The quantity demanded of Coca Cola has increased. The best explanation for this is that
A. the price of Pepsi has decreased. B. Coca Cola has instituted a new, successful advertising campaign. C. Coca Cola consumers had an increase in income. D. the price of Coca Cola has decreased.