The money multiplier
A) equals 1 over the required reserve ratio.
B) is an expression that converts the monetary base to the money supply.
C) is larger than the simple deposit multiplier.
D) is completely controlled by the Fed.
B
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Economists refer to the talents, training, and education of workers as:
A. labor supply. B. physical capital. C. human capital. D. average labor productivity.
If a taxpayer itemizes deductions, then an exemption is worth the same as a deduction
a. True b. False
An increase in aggregate demand will result in inflation.
Answer the following statement true (T) or false (F)
Refer to the below table and information. At an interest rate of 4 percent, there will be:
The schedule shows various interest rates, the associated quantity demanded of loanable funds, and the quantity supplied of loanable funds in billions of dollars at those interest rates.
A. An excess supply of loanable funds of 140 billion
B. An excess supply of loanable funds of 360 billion
C. An excess demand for loanable funds of 140 billion
D. An excess demand for loanable funds of 500 billion