For a given level of reserves, an increase in the reserve requirement ratio will
A) decrease legal reserves and decrease the money supply.
B) increase legal reserves and decrease excess reserves.
C) increase legal reserves and increase excess reserves.
D) increase excess reserves and increase the money supply.
Ans: B) increase legal reserves and decrease excess reserves.
Economics
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The Social Security program is ________ in that it redistributes income from ________
A) progressive; low earners to high earners B) regressive; low earners to high earners C) progressive; high earners to low earners D) regressive; high earners to low earners
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Which of the following is an example of a pure public good?
a. A bus. b. A mall. c. A teddy bear. d. An army. e. An automobile.
Economics