Positive economic statements are usually easier to refute with data than normative economic statements are

Which of the following will cause the money multiplier to become smaller?

A) an increase in high powered money B) a decrease in the ratio of reserves to checkable deposits C) an increase in the public's preference for checking deposits as opposed to holding currency D) a reduction in high powered money E) none of the above

What is a price taker? Discuss the assumptions used to obtain the perfectly competitive model

What will be an ideal response?