For any value of the required reserve ratio (RRR), the demand deposit multiplier is

a. 1/RRR
b. 1 - (1/RRR)
c. RRR multiplied by the change in reserves
d. 1 - RRR
e. (1/RRR) -1

A

Economics

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If an excise tax is imposed on shirts,

a. the number of shirts produced will exceed the number demanded b. the number of shirts demanded will exceed the number supplied c. the equilibrium market price will decrease d. the amount consumers pay for each shirt will decrease e. the net revenue producers receive from each shirt will decrease

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