Everything else held constant, a decrease in holdings of excess reserves will mean
A) a decrease in the money supply.
B) an increase in the money supply.
C) a decrease in checkable deposits.
D) an increase in discount loans.
B
Economics
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Refer to Table 11-2. Calculate the GDP per capita for each country in the table. Which country has the highest standard of living? Why?
What will be an ideal response?
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The ratio of the change in GDP to an initial change in aggregate spending is the:
a. spending multiplier. b. permanent income rate. c. marginal expenditure rate. d. marginal propensity to consume.
Economics