The expenditure approach to measuring GDP includes firms' spending on wages
Indicate whether the statement is true or false
FALSE
Economics
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You are given the following information on the banking system
Reserve requirement rr = 0.08 Currency-deposit ratio c = 0.10 Excess reserve ratio e = 0.05 Compute the simple deposit and money multipliers.
Economics
The effectiveness of direct controls on pollution depends on: (i) the budgets and enthusiasm of the regulatory bodies; (ii) sufficiently strong statutory penalties.
A. i and ii B. i but not ii C. ii but not i D. neither i nor ii
Economics