If the monetary multiplier is 6, then the reserve ratio must be:
A. 1.67
B. 0.6
C. 0.167
D. 0.06
C. 0.167
Economics
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A) a checking account balance. B) a dollar bill. C) a traveler's check. D) all of the above.
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When there is a recessionary gap, one is likely to see an increase in overtime work and more hours worked by part-time workers
a. True b. False Indicate whether the statement is true or false
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In most businesses there is only one way to produce output
a. True b. False Indicate whether the statement is true or false
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In a recession, monetarists believe
A. Interest rates rise to eliminate the recession. B. Velocity varies in response to fiscal policy. C. Marginal tax rates will automatically decrease. D. Fiscal policy is ineffective.
Economics