If the money multiplier is 2.5, the reserve ratio is:
A. 0.5.
B. 0.4.
C. 0.3.
D. 0.6.
Answer: B
You might also like to view...
An unemployed individual decides to spend the day fishing. The opportunity cost of fishing is
A) zero, because the person doesn't have a job. B) the cost of bait, any other monetary expenses, and the value of the individual's wages while he was working. C) the cost of bait and any other monetary expenses. D) the cost of bait, any other monetary expenses, and the value of the best alternative use of the individual's time.
Based on the graph showing the type of health insurance and coverage status in the United States in 2016, about ______ percent have some type of government insurance.
a. 9
b. 38
c. 79
d. 90
An economy has two workers, Jen and Rich. Every day they work, Jen can produce 2 TVs or 10 radios, and Rich can produce 4 TVs or 12 radios. ________ has the comparative advantage in TVs and ________ has the comparative advantage in radios.
A. Rich; Rich B. Jen; Jen C. Jen; Rich D. Rich; Jen
Which of the following is correct?
A. Both conservative economists and Keynesians believe the crowding-out effect is small. B. Both conservative economists and Keynesians believe the crowding-out effect is large. C. Conservative economists believe the crowding-out effect is small, while Keynesians believe it is large. D. Conservative economists believe the crowding-out effect is large, while Keynesians believe it is small.