College education provides higher income for the individual but also a more productive and more educated person who will contribute to society in many ways. Higher education is an example of:

Decreasing the reserve requirement ratio is

A) a contractionary policy because it lowers the amount of total reserves in the banking system. B) a contractionary policy because it lowers the amount of excess reserves in the banking system. C) an expansionary policy because it raises the amount of excess reserves in the banking system. D) an expansionary policy because it raises the amount of required reserves in the banking system.

To be considered employed, a person must have worked at least __________ hour(s) during the previous week

a. 40 b. 20 c. 10 d. 12 e. 1