If the Fed were to increase the required reserve rate from ten percent to twenty percent, the simple deposit expansion multiplier would:
A. increase by 10 percent.
B. decrease by a factor of ten.
C. double.
D. be half as large as it was before the increase.
Answer: D
Economics
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What will be an ideal response?
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Technological efficiency occurs when the firm produces a given output
A) by using the least amount of inputs. B) by using the maximum amount of inputs. C) at the least cost. D) at the greatest cost.
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