The portion of a worker's total earnings that is not necessary to keep the worker in her present job is called

Assuming all excess reserves are loaned out, if the reserve ratio is 8 percent, the money multiplier will be equal to

A) 2. B) 8. C) 12.5. D) 16.67.

An outright sale of government securities by the Fed

A) permanently increases bank reserves. B) temporarily increases bank reserves. C) permanently reduces bank reserves. D) temporarily reduces bank reserves.