If the reserve ratio is 25 percent, the money multiplier is
What will be an ideal response?
Answer: 4
Economics
You might also like to view...
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
Economics
As the price of ballpoint pens increases, the demand for felt-tip pens can be expected to decrease
a. True b. False
Economics
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