If currency outstanding equals $200 million, checkable deposits equal $1 billion, reserves equal $150 million, and the required reserve ratio is 0.10, the money multiplier equals

Which of the following is associated with a contractionary monetary policy?

A) raising bond prices B) selling bonds C) lowering the required reserve ratio D) lowering the differential between the discount rate and the federal funds rate

Which of the following activities is most likely to be considered rent seeking?

a. buying an apartment building b. hiring a lobbyist c. voting for a politician who supports government spending d. buying common stock