If a bank keeps some of its excess reserves, the money multiplier:
a. increases.
b. stays the same.
c. goes to zero.
d. decreases.
e. increases, then decreases.
d
Economics
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Over time, the percentage of total employment in services has ________ and in agriculture, employment has ________
A) increased; increased B) decreased; increased C) stayed about the same; decreased D) stayed about the same; increased E) increased; decreased
Economics
Refer to Figure 16-7. Given that the economy has moved from A to B in the graph above, which of the following would be the appropriate fiscal policy to achieve potential GDP?
A) decrease interest rates B) increase government spending C) contractionary fiscal policy D) increase taxes
Economics