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

[clippers!]

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

[paavo]

Answer to Question 1

A

Answer to Question 2

FALSE

[clippers!]

Thanks for the timely response, appreciate it

[bitingbit]

YES! Correct, THANKS for helping me on my review