Assuming initially that the required reserve ratio = 10%, the currency-deposit ratio = 75%, and the excess reserve ratio = 156%, an increase in the excess reserve ratio to 200% causes the M1 money multiplier to ________, everything else held constant
. A) increase from 0.15 to 0.33
B) decrease from 0.73 to 0.61
C) increase from 0.54 to 0.67
D) decrease from 1.67 to 1.54
B
Economics
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A. make business cycle booms bigger and busts smaller. B. even out the booms and the busts in the business cycle. C. to reverse the pattern of booms and busts in the business cycle. D. make business cycle booms and busts both bigger.
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Explain the prisoner's dilemma case in game theory and its relevance to the maximin criterion
Economics