Crowding out refers to a decrease in government purchases as a result of an increase in private expenditures

A fractional reserve banking system is one in which banks hold less than 100 percent of ________ as reserves

A) shareholder equity B) securities C) deposits D) loans

If the marginal propensity to save (MPS) is 0.10, the value of the spending multiplier is:

A. 1. B. 9. C. 10. D. 90.