Refer to Scenario 1. What is the t-statistic for the slope coefficient?
A) 3.04
B) 0.94
C) 0.30
D) 4.46
B
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In the Keynesian system, an increase in the money stock would
a. increase the interest rate, which, in turn, would increase aggregate demand and income. b. decrease the interest rate, which, in turn, would decrease aggregate demand and income. c. decrease the interest rate, which, in turn, would increase aggregate demand and income. d. decrease the interest rate but would have no effect on aggregate demand and income.
Mary decides to withdraw $500 out of her checking account. The impact of this transaction on the Banking System's balance sheet will be to:
A. only reduce reserves by the required reserve rate times $500. B. only reduce checkable deposits by $500. C. decrease reserves and checkable deposits by $500 respectively. D. increase reserves and reduce checkable deposits by $500 respectively.