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Author Question: Economists generally agree that increases in the minimum wage increase employment. Indicate ... (Read 49 times)

yoroshambo

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on: Jun 29, 2018
Economists generally agree that increases in the minimum wage increase employment.
 
  Indicate whether the statement is true or false

Question 2

The banking system has just experienced an increase in deposits of 50,000. The currency drain ratio is 20 percent and the desired reserve ratio is 10 percent. What does the money multiplier equal?
 
  A) 4.00
  B) 3.33
  C) 0.25
  D) 10.00


ngr69

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

A


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