Explain the concept of an accounting identity

What will be an ideal response?

Two variables are related by an accounting identity when the two variables are mathematically identical.

Economics

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The stimulus policy drew immediate criticism,

What will be an ideal response?

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Economics

If banks do not loan out all their excess reserves, then the real world multiplier is

A) not related to 1/RR. B) larger than 1/RR. C) smaller than 1/RR. D) equal to 1/RR.

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Economics