If the Fed increases the required reserve ratio, how will this affect excess reserves and the money supply?
A. Both will increase.
B. Excess reserves increase and the money supply decreases.
C. Both will decrease.
D. Excess reserves decrease and the money supply increases.
Answer: C
Economics
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The stock market crash of 1929 led to:
A. the South Seas bubble burst. B. the Great Depression. C. the Great Recession. D. Black Thursday.
Economics
In calculating the unemployment rate, part-time workers are
A. counted as unemployed because they are not working full-time. B. treated the same as "discouraged" workers who are not actively seeking employment. C. used to determine the size of the labor force, but not the unemployment rate. D. counted as employed because they are receiving payment for work.
Economics