Suppose the desired reserve ratio is 20 percent and there is no currency drain. Then a $1 increase in the monetary base leads to the banking system to increase the quantity of money by
A) $0.02.
B) $4.
C) $5.
D) $20.
E) $2.
C
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In developing countries, there is more reliance on ________ as opposed to ________ for government revenue
A) tariffs; tax collection B) quotas; tariffs C) tax collection; tariffs D) tariffs; quotas
Studying the growth of (Y/N) in the United States over the period 1909-1957, Robert Solow found that growth in multifactor productivity accounted for ________ of it
A) ten percent B) twenty-five percent C) one-third D) roughly half E) seven-eighths
An organization with hierarchy
A) is needed to define property rights between knowledge workers. B) remains an effective way to manage knowledge workers. C) is not an effective way to manage knowledge workers. D) none of these choices.
What are the two possible causes of market failure?