During the expansion phase of the business cycle, which of the following eventually increases?
A) income B) production C) employment D) all of the above
D
Economics
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A lender of last resort
A) makes loans when no one else will. B) makes loans without regard for risk. C) is a firm that is forced to make loans for its own survival. D) Both A and B. E) None of the above.
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The value of the deposit multiplier is 1 divided by the required reserve ratio
a. True b. False Indicate whether the statement is true or false
Economics