Which of the following events would reduce the size of the "real-world" money multiplier?
A. Banks hold more excess reserves.
B. Households hold less currency.
C. The Fed increases the discount rate.
D. The Fed reduces the required reserve ratio.
Answer: A
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List and describe the two government agencies that enforce antitrust laws in the United States
What will be an ideal response?
Free markets produce relatively high levels of efficiency but low rates of growth.
Answer the following statement true (T) or false (F)
Matt is going to college to become a pharmacist. What he learns about existing information increases
a. both technological knowledge and human capital. b. technological knowledge but not human capital. c. human capital but not technological knowledge. d. neither technological knowledge nor human capital.
Public goods are generally produced by
A. perfectly competitive industries. B. the government. C. freely functioning markets. D. monopolies.