The value of the monetary multiplier is:
A. 1/interest rate.
B. 1/marginal propensity to consume.
C. 1/Required reserve ratio.
D. 1/Excess reserves.
Answer: C
Economics
You might also like to view...
Refer to Figure 2-8. If Vidalia chooses to produce 50 dozen roses, how many orchids can it produce to maximize production?
A) 20 dozen orchids B) 40 dozen orchids C) 60 dozen orchids D) 80 dozen orchids
Economics
Positive incentives: a. increase benefits or reduce costs
b. decrease the amount of affected behaviors. c. increase the amount of affected behaviors. d. Do both a. and c.
Economics