The required reserve ratio is 12.5%. The money multiplier is
A. 2.5.
B. 6.
C. 7.5.
D. 8.
Answer: D
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The health care system in Canada is referred to as ________, and is a system in which the government provides national health insurance to all Canadian residents
A) an out-of-pocket system B) a single-payer health care system C) a universal health insurance system D) socialized medicine
AD excess is the amount of additional aggregate demand needed to achieve full employment after allowing for price level changes.
Answer the following statement true (T) or false (F)
In the long run, the economic profits of Hoot's Chicken 'n' Ribs, a monopolistic competitor, are:
A. not eliminated, because competition is not perfect. B. not eliminated, because the demand curve slopes downward. C. eliminated due to firms entering the industry. D. eliminated due to firms leaving the industry.
One of the strengths of monetary policy relative to fiscal policy is that monetary policy:
A. can be implemented more quickly. B. is subject to closer political scrutiny. C. does not produce a net export effect. D. entails a larger spending income multiplier effect on real GDP.