As in the United States, an important factor in the banking crises in Norway, Sweden, and Finland was the
A) financial liberalization that occurred in the 1980s.
B) decline in real interest rates that occurred in the 1980s.
C) high inflation that occurred in the 1980s.
D) sluggish economic growth that occurred in the 1980s.
A
Economics
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The maximum amount of increase in the money supply that can be caused by an increase in excess reserves is equal to the
A) deposit multiplier ´ the required reserve ratio. B) loan multiplier ´ the change in excess reserves. C) deposit multiplier ÷ the change in excess reserves. D) deposit multiplier ´ the change in excess reserves.
Economics
Assume a consumer has a horizontal demand curve for a product. His consumer surplus from buying the product
A) is maximized. B) can't be calculated. C) equals zero. D) Need more information.
Economics