Which of the following is NOT correct about required reserve ratio?
What will be an ideal response?
lower required reserve ratio causes lower risk of bank fails
Economics
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In the short run, the additional output that results from hiring an additional unit of a variable input is the
A) marginal product. B) average product. C) average variable cost. D) marginal cost.
Economics
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
Economics