During the 20th century, the highest savings rates in the U.S. were observed during
A) the Great Depression.
B) World War II.
C) the late 1980s and 1990s.
D) none of the above.
B
Economics
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A bank's actual reserves can be calculated by: a. multiplying its demand deposits by the required reserve ratio. b. multiplying its excess reserves by the required reserve ratio. c. subtracting its required reserves from its excess reserves
d. adding its required reserves and its excess reserves.
Economics
When a large number of people in society save more and it results in a decline in national income and an increase in unemployment this is known as
a. the fallacy of composition. b. moral hazard. c. the paradox of thrift. d. marginal analysis.
Economics