The ________ the reserve ratio, the ________ the money multiplier
A) larger; larger B) smaller; smaller
C) smaller; larger D) None of the above are correct.
C
Economics
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The intertemporal substitution of leisure effect is used to justify the assumption that current labor supply increases when the
A) current real wage increases. B) current real wage decreases. C) real interest rate increases. D) real interest rate decreases.
Economics
Draw and explain a diagram that illustrates the vicious circle of poverty in DVC.
Economics