Author Question: If the money multiplier is 3.5, a 10 billion increase in the monetary base A) increases the ... (Read 199 times)

clippers! · **on:** Jun 29, 2018

If the money multiplier is 3.5, a 10 billion increase in the monetary base

A) increases the quantity of money by 35 billion.
B) increases the quantity of money by 2.86 billion.
C) increases the quantity of money by 3.5 billion.
D) increases the quantity of money by 10 billion.

Question 2

Real GDP per person is slowly converging around the world.

Indicate whether the statement is true or false