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
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What was the most fundamental relationship among most Native American tribes, including the Iroquois?
a. Mother-daughter. b. Husband-wife. c. Father-son. d. Chief-warrior.
What are the earnings of a resource with a perfectly elastic supply curve called?
a. Transfer earnings b. Dividends c. Economic rent d. Capital gain e. Interest
Why are demand curves downward sloping?
What will be an ideal response?
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 ______.
a. $400,000 b. $760,000 c. $40,000 d. $240,000