Author Question: A perfectly inelastic supply curve is: a. upward sloping to the right. b. downward sloping to the ... (Read 161 times)

james0929 · **on:** Jun 30, 2018

A perfectly inelastic supply curve is:
a. upward sloping to the right.
b. downward sloping to the left.
c. horizontal.
d. vertical.

Question 2

When the required reserve ratio is decreased:
a. the excess reserves of member banks are reduced, but the money multiplier is not affected.
b. the excess reserves of member banks are reduced, and the money multiplier is increased.
c. the excess reserves of member banks are increased, but the money multiplier is not affected.
d. the excess reserves of member banks are increased, and the money multiplier is increased.