The time it takes to overcome the practical and procedural hurdles before the Fed can begin to fix the economy is called the

See the information in Scenario 4.4. From this demand curve, one can infer that:

A) Rock and Roll Trivia is an inferior good. B) computers and diskettes are substitutes. C) computers and diskettes are complements. D) computers are a normal good. E) A, B and D are true.

Which of the following will make the real-world money multiplier smaller than the theoretical formula?

A. Banks actually hold fewer reserves than technically required by the Fed. B. Banks actually make loans for more money than they have in excess reserves. C. Banks may keep some excess reserves rather than loan it all out. D. Consumers spend more than they have using credit cards.