When computing percentage changes, using the simple approach results in increases and decreases which are
A) identical. B) symmetric.
C) more accurate than using the midpoint method. D) not symmetric.
D
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Why does the holding of excess reserves by banks and the holding of currency by households and firms cause the real-world deposit multiplier to be less than the simple deposit multiplier?
What will be an ideal response?
Taylor has the following assets and liabilities:Two cars$15,000House$400,000Mortgage$300,000Cash$1,000Car loans$5,000Checking account balance$3,000Credit card balance$3,000 What is the value of Taylor's liabilities?
A. $303,000 B. $308,000 C. $311,000 D. $300,000
U.S. goods will become relatively less expensive than goods from other countries if prices were to:
A. decrease in the United States and foreign countries at the same rate. B. decrease in the United States only. C. increase in the United States and foreign countries at the same rate. D. increase in the United States only.
A fractional reserve banking system is one in which banks hold less than 100 percent of ______ in reserves
Fill in the blank(s) with the appropriate word(s).