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
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
As the price of ballpoint pens increases, the demand for felt-tip pens can be expected to decrease
a. True b. False
Economics