A combination of a decrease in the discount rate and an increase in reserve requirements would:
a. increase the money supply
b. decrease the money supply.
c. leave the money supply unchanged.
d. have an indeterminate effect on the money supply.
d
Economics
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Firms have an incentive to substitute labor for capital as the
A. marginal product of labor decreases. B. price of capital increases. C. price of labor increases. D. price of capital decreases.
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