An increase in the reserve ratio
A) has an expansionary effect on the money supply.
B) has a contractionary effect on the money supply.
C) increases the money multiplier.
D) will cause banks to make more loans.
B
Economics
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Define the production function. Discuss why the production function exhibits diminishing returns
What will be an ideal response?
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Today John says: "I will start working out tomorrow." Yet, as tomorrow arrives he doesn't. This is an example of
A) time inconsistent preferences. B) time consistent preferences. C) exponential discounting. D) future-biased preferences.
Economics