It is impossible to have economic growth unless a country or a region has abundant natural resources to sustain the growth
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
If the Federal Reserve is currently paying 1% interest on bank reserves, but then reduces that interest rate to 0.5%, banks may decide to hold ________ reserves, and the money supply may ________.
A. fewer; decrease B. fewer; increase C. more; decrease D. more; increase
If a bank has $10 million of checkable deposits, a required reserve ratio of 10 percent, and it holds $2 million in reserves, then it will not have enough reserves to support a deposit outflow of
A) $1.2 million. B) $1.1 million. C) $1 million. D) $900,000.
If the marginal propensity to consume (MPC) is 0.80, the value of the spending multiplier is:
a. 2. b. 5. c. 8. d. 10.
The steepness of a curve is partially determined by the units of measurement.
Answer the following statement true (T) or false (F)