Everything else held constant, an increase in the excess reserves ratio causes the M1 money multiplier to ________ and the money supply to ________

A) decrease; increase
B) increase; increase
C) decrease; decrease
D) increase; decrease

C

Economics

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If the owners of different types of resources, which are combined to produce an output, agree on organizational relationships that define their responsibilities toward one another they have formed a _____

a. group b. company c. distribution network d. team

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The Social Security system is a(n)

A. ad valorem system. B. pay-as-you-go system. C. ability to pay system. D. progressive tax system.

Economics