When did the United States register its lowest unemployment rate?
A) in the 1920s
B) in the economic boom of the 1990s
C) in the Roaring Nineties (1890s)
D) at the end of World War II
D
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If businesses become very pessimistic and reduce spending, which of the following is the most likely in the short run?
a. An increase in output, an increase in money demand and an increase in the interest rate. b. A decrease in output, an increase in money demand and an increase in the interest rate. c. A decrease in output, a decrease in money demand and a decrease in the interest rate. d. An increase in output, a decrease in money demand and a decrease in the interest rate. e. A decrease in output, a decrease in money demand and an increase in the interest rate.
As the reserve ratio decreases, the money multiplier
a. increases. b. does not change. c. decreases. d. could do any of the above.