The maximum amount by which the entire banking system can create money is equal to:
a. a fraction of its excess reserves.
b. a fraction of its required reserves.
c. a multiple of its total reserves.
d. a multiple of its excess reserves.
e. its excess reserves.
d
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What is the name of the 1994 U.S. Housing and Urban Development program which randomly assigned families who applied into three groups and gave families the chance to leave their old neighborhoods?
A) the Neighborhood Gentrification Program B) Choose It or Lose It C) the Housing Choice Voucher Program D) Moving to Opportunity
President Obama has discussed raising income taxes for individuals earning over $250,000 in income. Explain how these higher income taxes will affect the aggregate demand curve
What will be an ideal response?
Market power and externalities are examples of market failures
a. True b. False Indicate whether the statement is true or false
According to the short-run Phillips Curve, there is a trade-off between
(a) interest rates and inflation (b) the growth of the money supply and interest rates (c) unemployment and economic growth (d) inflation and unemployment (e) economic growth and interest rates