If the required reserve ratio, m, is 20 percent, then the oversimplified money multiplier is
a. 10.
b. 5.
c. 4.
d. 2.
b
Economics
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In the United States, health care spending as a percentage of GDP has declined since 1965
Indicate whether the statement is true or false
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What does a firm's LRAC curve show? How is it related to the firm's short-run ATC curves?
What will be an ideal response?
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What are the effects of a financial crisis on short-run aggregate supply? How might long-run aggregate supply be affected?
What will be an ideal response?
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Based on Figure 3.1, it can be inferred that:
A) Alvin does not consider good X as "good." B) Alvin will never purchase any of good Y. C) Alvin regards good X and good Y as perfect substitutes. D) Alvin regards good X and good Y as perfect complements. E) none of the above
Economics