________ in the desired reserve ratio will ________ the money multiplier
A) An increase; have no effect on
B) An increase; decrease
C) A decrease; decrease
D) A decrease; will have no effect on
B
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In the United States, an official dating of business cycles
a. is executed by the Federal Reserve Bank of New York. b. originates with the Department of Commerce. c. was started by the Bureau of Labor Statistics Institute. d. is performed by the Business Cycle Dating Group of the National Bureau of Economic Research.
In the labor market, if the government imposes a minimum wage that is below the equilibrium wage, then
A) workers who wish to work at the minimum wage will have a difficult time finding jobs. B) firms will hire fewer workers than without the minimum wage law. C) some workers may lose their jobs as a result. D) nothing will happen to the wage rate or employment.