Everything else held constant, if the sum of the required reserve ratio and the excess reserve ratio is less than one, a decrease in the currency-deposit ratio causes the M1 money multiplier to ________ and the money supply to ________

Countries that trade a small amount with a single foreign country tend to float their exchange rate to the foreign country's currency

Indicate whether the statement is true or false

Wendy is willing to pay $50 for a concert ticket and Bruce would like to receive $25 . If the market price is $40 for this transaction, then the total surplus would be $15

a. True b. False Indicate whether the statement is true or false