If the required reserve ratio is 10 percent, $1,000 cash deposited into a checkable deposit account will generate, assuming willing borrowers, an increase in the money supply of:

According to this Application, a common belief is that fiscal multipliers are ________ during ________

A) larger; recessions B) of equal size; recessions and growth periods C) smaller; growth periods D) smaller; recessions

The government expenditure multiplier reflects the magnification on ________ from a change in government expenditure on goods and services

A) tax receipts B) aggregate demand C) aggregate supply D) the budget deficit E) potential GDP