The rising cost of uninsured patients receiving treatment at hospital emergency rooms is one of the leading causes of the increase in health care spending as a percentage of GDP in the United States
Indicate whether the statement is true or false
FALSE
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Suppose a bank has $100 million in checking account deposits with no excess reserves and the required reserve ratio is 10 percent. If the Federal Reserve reduces the required reserve ratio to 8 percent, then the bank can make a maximum loan of
A) $0. B) $2 million. C) $8 million. D) $10 million.
Rates of inflation in the hundreds or thousands of percent per year are known as
A) super inflation. B) megainflation. C) hyperinflation. D) overinflation.
Considering the data in the table shown above and 2010 as the base year, what is the inflation rate between years 2010 and 2015?
A) 0.0 percent B) 41.7 percent C) 17.1 percent D) 3.4 percent
The addition of imports reduces the value of the multiplier
a. True b. False Indicate whether the statement is true or false