The ________ the reserve ratio, the ________ the money multiplier.
A) smaller;larger
B) smaller;smaller
C) larger;larger
D) None of the above are correct
A) smaller;larger
You might also like to view...
Excludability matters because it:
A. creates a perceived scarcity that causes buyers to have an inelastic demand for the good. B. creates a perceived scarcity that allows the seller to keep the price artificially high. C. allows owners to set an enforceable price on a good. D. allows consumers to control the price of a good.
If you hear that unemployment increased by 2 percentage points to 4 %in the past year, while the labor force participation rate and the population remained constant, it means:
A. twice as many people are without work than was the case a year ago. B. unemployment doubled in the past year. C. there was a 100 percent increase in unemployment. D. All of these are true.
Economists Novy-Marx and Rauh contend that cities are
A. accurately stating the value of their assets but understating the value of their pension liabilities. B. accurately stating the value of their assets but overstating the value of their pension liabilities. C. accurately stating their pension liabilities. D. understating the value of both their assets and liabilities.
An example of featherbedding is
A) the union practice that requires younger workers to be laid off first in a recession. B) a requirement that all construction workers working on government-funded construction projects must be paid union wages. C) employer-paid dental insurance negotiated by the union. D) a requirement on railroads to keep a fireman on board after the introduction of diesel engines.