As the reserve ratio goes up, the money multiplier goes:
A. up, and more money will be created.
B. up, and less money will be created.
C. down, and more money will be created.
D. down, and less money will be created.
Answer: D
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The government's economic programs and policies in the United States _____
a. are determined mostly by professional economists b. are largely determined by looking at what other countries are doing c. are a product of a democratic political system d. are largely determined by corporations
The demand curve for a monopolist's output is
a. horizontal. b. shallower than the market demand curve. c. steeper than the market demand curve. d. identical to the market demand curve.
The Board of Governors of the Federal Reserve is part of a larger policy-making group called the
A) Senate Banking Committee. B) Federal Deposit Insurance Corporation. C) American Banking Association. D) Federal Open Market Committee.
Figure 4-22
Refer to . Sellers pay how much of the tax per unit?
a.
$1.00.
b.
$1.50.
c.
$2.50.
d.
$3.00.