If the money multiplier is 4, what is the required reserve ratio (RRR)?

An increase in the price level is defined as

A) a recession. B) a growth boom. C) inflation. D) an expansion.

If firms increase their investment spending, the resulting change in equilibrium GDP is equal to the change in investment spending

a. multiplied by 2.5 b. alone c. multiplied by the expenditure multiplier d. divided by the marginal propensity to consume e. plus the change in consumption spending