In the Keynesian model, planned investment is inversely related to

Banks keep ________ of checking deposits as reserves because on a typical day withdrawals ________ deposits

A) exactly 100%; are much greater than B) more than 100%; are much greater than C) less than 100%; are about the same as D) less than 100%; are much greater than E) exactly 100%; are about the same as

The gold standard ended in the 1970s because the gold supplies failed to keep pace with the increase in money supplies required for industrialization and rapid economic growth witnessed in this era

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