Excess reserves are
What will be an ideal response?
actual reserves minus required reserves
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Which of the following explains why the aggregate demand curve is downward sloping?
A) the open economy effect B) the real-balance effect C) the interest rate effect D) all of the above
Commodity speculators persuade people to start economizing in their consumption of a good as soon as the speculators foresee an increased future scarcity by causing
A) futures prices, expected future prices, and current prices to fall. B) futures prices, expected future prices, and current prices to rise. C) futures prices and expected future prices to fall and current prices to rise. D) futures prices to rise, expected future prices to fall, and current prices to rise. E) futures prices and expected future prices to rise and current prices to fall.
Which of the following goods would have the most inelastic demand?
A) bread B) big screen TVs C) luxury cars D) ski vacations
How do the marginal propensity to consume, the marginal propensity to import, and the income tax rate influence the multiplier?
What will be an ideal response?