An exchange-rate system in which the nominal exchange rate is set by the government is known as

Which of the following statements is NOT true about using per capita real GDP to measure a nation's economic growth?

A) The definition does not indicate how the increase in growth is being disturbed among the nation's population. B) The definition assumes that some of the increase in productivity goes to the poor. C) The definition is not perfect for measuring increases in a nation's productive capacity. D) The definition has understated actual economic growth because it does not take into consideration changes in leisure.

The simple money multiplier: a. equals the reciprocal of the required reserve ratio

b. assumes banks hold excess reserves. c. becomes larger as the required reserve ratio increases. d. equals required reserves plus excess reserves. e. equals total reserves minus required reserves.