Everything else held constant, if the sum of the required reserve ratio and the excess reserve ratio is less than one, a decrease in the currency-checkable deposit ratio will mean
A) an increase in currency in circulation and an increase in the money supply.
B) an increase in money supply.
C) a decrease in the money supply.
D) an increase in currency in circulation but no change in the money supply.
B
Economics
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Economists have observed that fiscal policy can be implemented very quickly while monetary policy is much slower to enact
a. True b. False Indicate whether the statement is true or false
Economics
When people are educated, they become:
A. more productive to society, because they have more skills to apply to a job. B. more productive to society, because they are paid more. C. less productive to society, because they require higher pay per hour. D. less productive to society, because they stop working while in school.
Economics