If banks hold excess reserves whereas before they did not, the money multiplier:
A. will become smaller.
B. might increase or might decrease.
C. will be unaffected.
D. will become larger.
Answer: A
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The above table shows some cost data for Tracey's Tents. What is the marginal cost of the 3rd tent?
A) $25 B) $20 C) $70 D) $120
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Indicate whether the statement is true or false
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