Real-world accuracy of the money multiplier can be affected by:
A. the income tax rate set by the government.
B. the way the public divides its holding of M1 between currency and certificates of deposit.
C. an increase in government spending.
D. the President's decision to alter the money multiplier.
Answer: B
Economics
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If the income elasticity of demand (YED) for a good is 0.9, then the good is:
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Economics