The reciprocal of the reserve requirement is called the: a. ...

[sam.t96]

The reciprocal of the reserve requirement is called the:
 a. spending multiplier.
  b. tax multiplier.
  c. lending multiplier.
  d. deposit expansion multiplier.
  e. excess reserve multiplier.

Question 2

For a normal good, if incomes rise, we would expect that the equilibrium price will increase and that the equilibrium quantity will increase.
 a. True
  b. False
  Indicate whether the statement is true or false

[qytan]

Answer to Question 1

d

Answer to Question 2

True

[sam.t96]

TYSM

[Bigfoot1984]

Excellent