When new checkable deposits are created through loans,
a. the money supply contracts.
b. excess reserves are destroyed.
c. the money supply remains the same.
d. the money supply expands.
e. the required reserve ratio declines
d
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Decisions by depositors to increase their holdings of ________, or of banks to hold excess reserves will result in a ________ expansion of deposits than the simple model predicts
A) deposits; smaller B) deposits; larger C) currency; smaller D) currency; larger
Suppose that the consumer price index at year-end 2010 was 180 and by year-end 2011 had risen to 189 . What was the inflation rate during 2011?
a. 4.8 percent b. 5 percent c. 6 percent d. 9 percent
"It is only insofar as some sort of order arises as a result of individual action but without being designed by any individual that a problem is raised which demands a theoretical explanation.". This statement is from:
a. Samuelson b. Friedman c. Stiglitz d. Hayek e. Marx
The economic contribution of a sports franchise to a community is roughly on the same order of magnitude as a
A. new McDonald's on a city street. B. a new automobile factory. C. a hotdog stand. D. a new Walmart Supercenter.