The demand deposit multiplier is the number by which we must multiply the
a. injection of reserves to get the total change in demand deposits
b. total amount of demand deposits to get the total change in the money supply
c. level of required reserves to get the total change in the money supply
d. total amount of currency in circulation to find total demand deposits
e. change in demand deposits to find the total change in the money supply
A
Economics
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Perfect price discrimination will lead a firm to produce up to the point where price equals marginal cost, the efficient level of output
Indicate whether the statement is true or false
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Over long periods of time, the cyclical rate of unemployment, on average, ________
A) approaches infinity B) approaches a value of one C) should be close to zero D) approaches the natural rate
Economics