A decrease in the reserve requirement would:
A) decrease excess reserves and reflect an expansionary monetary policy.
B) decrease excess reserves and reflect a contractionary monetary policy.
C) increase excess reserves and reflect an expansionary monetary policy.
D) increase excess reserves and reflect a contractionary monetary policy.
C
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In the prisoner's dilemma: a. the outcome obtained when both confess is worse for each than the outcome they would have obtained had they both remained silent. b. whatever the other does, each is better off confessing than remaining silent
c. we see a conflict between group and individual rationality. d. all of the above
Ceteris paribus, a downward shift in the net exports function will cause:
a. equilibrium real GDP to decrease. b. equilibrium real GDP to increase. c. savings to decrease. d. net exports to increase. e. government budget deficit to decline.