The multiple by which the commercial banking system can expand the supply of money is equal to the reciprocal of:
A. the MPS.
B. its actual reserves.
C. its excess reserves.
D. the reserve ratio.
D. the reserve ratio.
Economics
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Which of the following statements is false?
A) There are always opportunity costs to making choices. B) Because of scarcity, choices must be made. C) Elementary education at public schools is free. D) When government builds a new highway, taxpayers end up with less of some of the things they would otherwise have.
Economics
Statistics show that the ________ a country is, the ________ is the share of agricultural output in its total output.
A. more developed; larger B. more developed; smaller C. more populated; smaller D. less populated; smaller
Economics