If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and excess reserves total $1 billion, then the M1 money multiplier is
A) 2.5.
B) 2.8.
C) 2.0.
D) 0.7.
B
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A) Bertrand B) Cournot C) Ricardian D) Keynesian
A market in which a small number of strategically interdependent firms produce the dominant share of output is called
a. perfect competition b. a monopoly c. monopolistic competition d. regulated e. an oligopoly
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