Asset price bubble is an increase in the price of assets that goes far beyond what can be justified by improving the fundamentals.

For a given level of reserves, a decrease in the reserve requirement ratio will

A) decrease legal reserves and decrease the money supply. B) increase legal reserves and decrease excess reserves C) decrease legal reserves and increase excess reserves. D) decrease excess reserves and decrease the money supply.

Which of the following is the most accurate description of the US between 1880 and 1920?

a. The United States became the leading manufacturer in the world in terms of total production and output per worker. b. The quality of manufactured goods dropped c. American families bought fewer finished products, and instead saved money by increasingly buying materials and building things at home. d. No advertising was used because TV and radio had not yet been invented.