The money multiplier is equal to
A) the government spending multiplier. B) 1/(reserve ratio).
C) the marginal propensity to consume. D) the reserve ratio.
B
Economics
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An important determinant of velocity is the rate of interest.
Answer the following statement true (T) or false (F)
Economics
The break-even quantity is
a. 10000 b. 5,555 c. 12,500 d. 5,000
Economics
The closest a firm can come to being a perfect competitor would be
A. a corn farmer in Kansas. B. the owner of a small grocery store in St. Louis C. a used car dealer. D. a free agent major league baseball player.
Economics
When a person cashes a check drawn on her own account, the money supply __________.
Fill in the blank(s) with the appropriate word(s).
Economics