Everything else held constant, a decrease in the currency ratio will mean ________ in the M1 money multiplier and ________ in the M2 money multiplier
A) an increase; an increase
B) an increase; a decrease
C) a decrease; an increase
D) a decrease; a decrease
A
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Identify the main reason to expect convergence in the long run.
A. Low-productivity countries learning from high-productivity countries B. Rapid growth in the supply of capital in low-productivity countries C. Educational attainment rising quickly in low-productivity countries D. Economic complacency and mismanagement in high-productivity countries
Fill in the blank: National income accountants who measure GDP try to avoid the ________ problem by only measuring the market value of all final goods and services produced within a country
A) double trouble B) double indemnity C) double counting D) double jeopardy E) double-your-pleasure
Since 1970 there has been a clear increase in the proportion of the banking industry assets made up of
A) mortgage loans. B) state and local government securities. C) cash. D) business loans.
Which of the following is poorest country?
A) Canada B) Mexico C) Haiti D) New Orleans