Which of the following is responsible for Spain's eventual decline in influence?
a. The lack of a solid foundation for its settlement efforts
b. A costly war to bring the Low Countries under subjection
c. The decline in gold and silver imports from America
d. All of the above
d. All of the above are correct.
Economics
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Refer to the above figure. Line EBD is called
A) the saving function. B) the consumption function. C) the 45-degree line. D) aggregate demand.
Economics
Assuming initially that the required reserve ratio = 10%, the currency-deposit ratio = 40%, and the excess reserve ratio = 0, an increase in the required reserve ratio to 15% causes the M1 money multiplier to ________, everything else held constant
A) increase from 2.55 to 2.8 B) decrease from 2.8 to 2.55 C) increase from 1.82 to 2 D) decrease from 2 to 1.82
Economics