Total output for an economy is basically equal to work-hours divided by labor productivity.
Answer the following statement true (T) or false (F)
False
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The required reserve ratio is the
A) amount of excess reserves the bank holds just in case. B) total amount of reserves the bank holds in its vaults. C) total amount of reserves the bank holds at the Fed. D) amount of reserves banks are required by the Fed to be held as a percentage of the bank's deposits. E) amount of reserves banks are required by the Fed to be held as a percentage of the bank's loans.
Marginal benefit curves slope ________ and marginal cost curves slope ________
A) upward; upward B) upward; downward C) downward; downward D) downward; upward
If you transfer all of your currency to your checking account, then initially, M1 will ________ and M2 will ________
A) not change; not change B) decrease; increase C) increase; not change D) not change; increase
As the interest rate falls, the quantity supplied of money falls and the quantity demanded of money rises
Indicate whether the statement is true or false