Since reserve requirements on time and savings deposits were phased out in the early 1990s,
a. only the M1 money multiplier is affected by increases in time and savings deposits.
b. only the M2 money multiplier is affected by increases in time and savings deposits.
c. neither the M1 nor the M2 money multipliers are affected by increases in time and savings deposits.
d. both the M1 and M2 money multipliers are affected by increases in time and savings deposits.
B
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The various ways that vertical relationships can evade regulation include
a. tying the sale of a regulated good to a customer's choice of an unregulated good b. unbundling regulated and unregulated goods c. excluding sellers of competing unregulated goods d. insuring tax rates are uniform across jurisdictions
Which of the following is NOT a characteristic of a monopolistically competitive market?
A. There are many firms. B. Firms sell products that are similar but not identical. C. Firms must take the market price as given. D. There are no artificial barriers to entry.
When explaining China and India's trade patterns,
A) proximity and GDP explain a significant portion. B) many complex factors determine trading partners. C) patterns are very different for each country. D) exchange rates determine most of the pattern of trade.
After a temporary adverse supply shock hits the economy, general equilibrium is restored by
A. a shift up and to the left of the LM curve. B. a shift to the left of the FE line. C. a shift down and to the left of the IS curve. D. a shift down and to the right of the IS curve.