The extent of money expansion will be:
a. greater if banks hold on to excess reserves
b. greater if private individuals hold on to cash.
c. greater if banks hold on to excess reserves but less if private individuals hold on to cash.
d. less if banks hold on to excess reserves but greater if private individuals hold on to cash.
e. less if banks hold on to excess reserves or private individuals hold on to cash.
e
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Over the past several decades, the United States has devoted a greater fraction of its resources to consumption than Hong Kong, which is why the U.S. economy grew faster than Hong Kong's economy
Indicate whether the statement is true or false
The standard deviation of the error terms in an estimated regression equation is known as:
a. coefficient of determination b. correlation coefficient c. Durbin-Watson statistic d. standard error of the estimate e. none of the above
The most common form of merger(s) in the U.S. economy is (are)
a. the horizontal merger b. the vertical merger c. the conglomerate merger d. horizontal and vertical mergers (equally common) e. horizontal and conglomerate mergers (equally common)
Economic growth is the key to ending global poverty.
Answer the following statement true (T) or false (F)