A reduction in the Federal Reserve fractional reserve requirement ratio is a ________ monetary policy action
Fill in the blank(s) with correct word
Expansionary
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The savings rate in an economy equals:
A) aggregate savings divided by GDP. B) GDP minus aggregate consumption. C) GDP divided by aggregate savings. D) aggregate savings multiplied by GDP.
Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Estonia gain compared to the "without trade" numbers?
A) 0 B) 10 C) 40 D) 50
Refer to the graph shown. Given the long-run average cost curve, the minimum efficient scale of production is:
A. 23. B. 16. C. 21. D. 18 to 21.
The asset demand for money:
A. is unrelated to both the interest rate and the level of GDP. B. varies inversely with the rate of interest. C. varies inversely with the level of real GDP. D. varies directly with the level of nominal GDP.