If the required reserve ratio is .5, the deposit contraction multiplier is

Virtual currency unit 3 (VCU3) is different from VCU2 because:

a. VCU2 cannot be spent in the real world; VCU3 can be spent in the real world. b. In terms of convertibility, there is no difference; both VCU2 and VCU3 can be purchased with and sold for legal tender. c. VCU3 can directly affect real world demand, whereas VCU2 cannot affect real-world demand. d. In terms of their potential to change a nation's M2 money supply, there is no difference because neither VCU3 nor VCU2 affect M

Which of the following statements is true?

A) Keynes believed wages are inflexible downward but prices (of goods and services) are flexible. B) Keynes believed an economy could get stuck in a recessionary gap. C) Keynes originated the idea of efficiency wages. D) Keynes believed the economy is self-regulating. E) b and c