Which of the following countries have used adjustments to the required reserve ratio as a primary tool of monetary policy?
A. United States
B. China
C. Mexico
D. India
B. China
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In the midst of the Great Depression, President Roosevelt in a radio address to the nation encouraged everyone to "spend ourselves into prosperity." His advice reflected
A) Say's Law. B) the expenditure multiplier effect. C) his view that there should be no saving and no dissaving. D) his view that induced expenditure was less important than autonomous expenditure. E) the difference between actual aggregate expenditure and planned aggregate expenditure.
The mean household income is
A) the income that separates households into two equal groups. B) the most common household income. C) the percentage of total income received by the richest 20 percent of households. D) the average household income.