A decrease in the reserve requirement ________ bank reserves and ________ the money supply
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
Answer: A
Economics
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In a Malthusian world, what events would improve permanently the standard of living, as measured by output per capita?
A) a peace keeping mission B) an increase in violent crime C) a new mutation of germs D) a new sewer system
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Alex, Kara, and Susie are the only three people in a community and Alex is willing to pay $20 for the fifth unit of a public good; Kara, $15; and Susie, $25. Government should produce the fifth unit of the public good if the marginal cost is less than or
equal to: A. $25. B. $15. C. $60. D. $300.
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