The multiple by which the commercial banking system can expand the supply of money is equal to:
A. The ratio of actual reserves to required reserves
B. The reciprocal of the federal funds rate
C. The reciprocal of the reserve ratio
D. The ratio of required reserves to actual reserves
C. The reciprocal of the reserve ratio
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When a nation starts importing a good or service, domestic employment in that industry
A) decreases. B) stays the same. C) increases. D) might change, but more information about what else the country imports is needed to determine if employment increases, decreases, or does not change. E) might change, but more information about what the country exports is needed to determine if employment increases, decreases, or does not change.
Joe has broken the mirror of my car. I have legal recourse to sue for damages because of
A) social costs. B) transactions costs. C) common property rights. D) private property rights.