An increase in the monetary base that goes into currency is ________, while an increase that goes into deposits is ________
A) multiplied; multiplied
B) not multiplied; multiplied
C) multiplied; not multiplied
D) not multiplied; not multiplied
B
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What is the effect on real GDP per person if labor productivity increases?
What will be an ideal response?
In a kinked demand market, whenever one firm decides to lower its price,
a. other firms will automatically follow. b. none of the other firms will follow. c. one half of the firms follow and one half of the firms don't follow the price cut. d. other firms all decide to exit the industry e. all of the other firms raise their prices.
From 1929 to 1993, the first four years of the Great Depression, U.S. output dropped by more than
a. 10 percent b. 80 percent c. 5 percent d. 50 percent e. 25 percent
If Luke can bake bread at a lower opportunity cost than Jason, and Jason can produce paintings at a lower opportunity cost than Luke, it follows that
A) Luke has a comparative advantage in paintings and Jason has a comparative advantage in baking bread. B) Both Luke and Jason have a comparative advantage in baking bread. C) Both Luke and Jason have a comparative disadvantage in producing paintings. D) Luke has a comparative advantage in baking bread and Jason has a comparative advantage in producing paintings. E) There is not enough information to answer the question.