An increase in ________ reduces the money supply since it causes the ________ to fall
A) reserve requirements; monetary base
B) reserve requirements; money multiplier
C) margin requirements; monetary base
D) margin requirements; money multiplier
B
Economics
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Which of the following statements is an accurate statement about the Social Security (OASDI) program?
A) The program is financed by voluntary contributions. B) Only 50 percent of workers are covered by OASDI. C) Benefits are based on financial need. D) The program transfers income from those who work to those who do not work.
Economics
With the U.S. Social Security System, the burden of funding the system rests on:
A. the Social Security Administration. B. the current workers. C. the retirees. D. the federal government.
Economics