If the price of a burger decreases by 5 percent and as a result the quantity of burgers demanded increases by 8 percent, the price elasticity of demand equals

The ratio that relates the change in the money supply to a given change in the monetary base is called the

A) money multiplier. B) required reserve ratio. C) deposit ratio. D) discount rate.

Changing reserve requirements is the most important method the Federal Reserve uses to change the supply of money

a. True b. False Indicate whether the statement is true or false