Which of the following was established first?

Suppose the currency drain ratio is 33.33 percent and the desired reserve ratio is 10 percent. The money multiplier equals

A) 3.00. B) 3.08. C) 2.50. D) 6.67. E) 4.27.

In the country levying the tariff, the tariff will

A) increase both consumer and producer surplus. B) decrease both the consumer and producer surplus. C) decrease consumer surplus and increase producer surplus. D) increase consumer surplus and decrease producer surplus. E) decrease consumer surplus but leave producers surplus unchanged.