One problem with changing the required reserve ratio is that
a. the policy must be kept secret from the public in order to have any effect
b. the results are unpredictable
c. the changes are usually not effective
d. banks will often ignore the changes
e. it takes too much time for these changes to affect the economy
B
Economics
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In the above figure, what is the wage rate for the perfectly competitive market?
A) W1 B) W2 C) W3 D) W4
Economics
Scarcity is: a. only a problem in modern industrialized economies
b. only a problem in impoverished economies. c. only a problem in centrally planned economies. d. a problem that necessitates making choices and tradeoffs.
Economics