Most people base their current consumption spending at least partially on

a. short-run debt.
b. long-run debt.
c. long-run real interest rates.
d. long-run income.


d

Economics

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What will be an ideal response?

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Bell Bank has $2 million in deposits and $1 million in reserves, with a reserve requirement ratio of 12 percent. If the Fed lowers the reserve requirement ratio to 10 percent, Bell Bank’s new excess reserves could potentially expand the money supply by ______.

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