If the deposit expansion multiplier is 20, what is the reserve requirement in the banking system?
a. 20 percent
b. 50 percent
c. 2 percent
d. 5 percent
e. 10 percent
d
You might also like to view...
A nation's nominal gross domestic product (GDP) ________.
A. is always some amount less than C + I + G + NX B. is the dollar value of all final output produced by its citizens, regardless of where they are living C. can be found by summing C + I + S + NX D. is the dollar value of all final output produced within the borders of the nation during a specific period of time
The profits from firms who engage in first-degree price discrimination are_____.
A. price-gouging their customers B. showing increased opportunity costs C. less than firms who do not use price discrimination D. equal to consumer surplus
Refer to the table above. The government sector balance is a
A) $900 billion surplus. B) $500 billion deficit. C) $2,900 billion trade deficit. D) $2,900 billion balanced budget. E) $900 billion deficit.
Patents create monopolies by restricting
A) demand. B) prices. C) entry. D) profit.