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Author Question: The income and substitution effects move in ________ for lenders and in ________ for borrowers. ... (Read 116 times)

luminitza

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on: Jun 30, 2018
The income and substitution effects move in ________ for lenders and in ________ for borrowers.
 
  A) the same direction; the same direction
  B) the same direction; opposite directions
  C) opposite directions; the same direction
  D) opposite directions; opposite directions

Question 2

If the Fed purchases 1 million worth of securities and the required reserve ratio is 8, by how much will deposits increase (assuming no change in excess reserves or the public's currency holdings)?
 
  A) rise by 1 million
  B) decline by 1 million
  C) rise by 8 million
  D) rise by 12.5 million


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shoemake

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


luminitza

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Reply #2 on: Jun 30, 2018
Correct answers!


shoemake

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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