With the invention of ATM machines, the public now holds less currency. As a result, we would expect to have seen
a. both the M1 and the M2 multipliers to increase over time.
b. the M1 multiplier to increase while the M2 multiplier to decrease over time.
c. the M1 multiplier to decrease while the M2 multiplier to increase over time.
d. None of the above
D
Economics
You might also like to view...
If the supply curve for housing has the normal positive slope, rent controls will likely
a. increase the amount of housing. b. improve the quality of housing. c. aggravate the housing shortage. d. help low-income families find suitable housing. e. increase the demand for housing.
Economics
The welders' union at Ajax is on strike. The maintenance union has decided to walk out in support of the welders' union. This is known as
A) a closed shop. B) a union shop. C) a sympathy strike. D) a secondary boycott.
Economics