If the Board of Governors of the Federal Reserve System increases the legal reserve ratio, this change will:
A. Increase the excess reserves of member banks and thus increase the money supply
B. Increase the excess reserves of member banks and thus decrease the money supply
C. Decrease the excess reserves of member banks and thus decrease the money supply
D. Decrease the excess reserves of member banks and thus increase the money supply
C. Decrease the excess reserves of member banks and thus decrease the money supply
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First, define and explain the cyclically adjusted deficit. Second, explain what effect a recession caused, for example, by a reduction in consumer confidence will have on the size of the cyclically adjusted deficit
What will be an ideal response?
Among the reasons that health care expenditures have grown so rapidly in the United States over the last two decades are all of the following EXCEPT
A) an emphasis on wellness programs and preventive medicine. B) the aging of the U.S. population. C) expensive new medical technologies. D) third-party financing.