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Author Question: Suppose the currency drain ratio is 33.33 percent and the desired reserve ratio is 10 percent. The ... (Read 191 times)

jrubin

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on: Jun 29, 2018
Suppose the currency drain ratio is 33.33 percent and the desired reserve ratio is 10 percent. The money multiplier equals
 
  A) 3.00. B) 3.08. C) 2.50. D) 6.67. E) 4.27.

Question 2

At the start of a cost-push inflation,
 
  A) the price level rises and real GDP does not change.
  B) the price level remains constant and real GDP increases.
  C) the price level rises and real GDP decreases.
  D) the price level remains constant and real GDP decreases.
  E) the price level and real GDP both increase.


Perkypinki

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

B

Answer to Question 2

C


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