Explain the term "economics."
What will be an ideal response?
Economics is the study of the choices people make to attain their goals, given their scarce resources.
Economics
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Assume that the ratio of excess reserves to demand deposits is 0, and the ratio of currency to demand deposits is .2. If the reserve requirement on demand deposits is .3 and there is no reserve requirement on savings accounts, the M1 multiplier is
A) 5.5. B) 4. C) 2.5. D) 2.4.
Economics
An unexpected rise in Retail Sales should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
Economics