If real GDP is less than nominal GDP and prices have not changed from the base-year prices, then production must have declined
Indicate whether the statement is true or false
FALSE
Economics
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If the required reserve ratio decreases, the:
A. money multiplier increases. B. money multiplier decreases. C. amount of excess reserves the bank has decreases. D. money multiplier stays the same.
Economics
Define the following terms and explain their importance to the study of macroeconomics: a. open economy b. closed economy c. budget deficits and trade deficits d. international capital flows
What will be an ideal response?
Economics