The slope of the consumption function equals the
a. price elasticity of demand.
b. marginal propensity to consume.
c. marginal rate of investment.
d. marginal propensity to save.
b. marginal propensity to consume.
Economics
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By reducing the required reserve ratio, the Fed can not only create excess reserves but also increase the money multiplier
a. True b. False Indicate whether the statement is true or false
Economics
According to the text, a military draft is most likely to have which of the following effects on the market for fish? It will
a. increase the supply b. increase the demand c. decrease the supply d. decrease the demand e. lower the price
Economics