The AK growth model indicates that countries with high saving rates experience ________, and countries with low saving rates experience ________

In the above figure, as Brendan's income rises his consumption bundle moves from point A to point C. This implies that for Brendan, compact discs are ________ good and haircuts are ________ good

A) a normal; an inferior B) a normal; a normal C) an inferior; an inferior D) an inferior; a normal

If the required reserve ratio is one-third, currency in circulation is $300 billion, checkable deposits are $900 billion, and there is no excess reserve, then the M1 money multiplier is

A) 2.5. B) 2.8. C) 2.0. D) 0.67.