If the reserve ratio is 25 percent, the money multiplier is

What will be an ideal response?


Answer: 4

Economics

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Refer to the scenario above. The real GDP of the country in Year 1 was ________

A) $280,000 B) $2,200,000 C) $540,000 D) $1,400,000

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As the price of ballpoint pens increases, the demand for felt-tip pens can be expected to decrease

a. True b. False

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If there is moderate growth, we have a zero-sum economy.

Answer the following statement true (T) or false (F)

Economics

A policymaker that wants to make sure that the services of the government continue to be provided during a time when there are a growing number of people that rely on them is likely to argue for the use of

A. crowding out. B. baseline budgeting. C. regressive taxes. D. current services budgeting.

Economics