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Question
If the Fed buys $10 million of government securities when the desired reserve ratio is 20 percent and the currency drain ratio is 5 percent, the quantity of moneyA) increases by $42 million.
B) increases by $50 million.
C) decreases by $42 million.
D) decreases by $50 million.
E) increases by $7.5 million.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Scarcity results from the fact that
A) people's wants exceed the resources available to satisfy them.
B) not all goals are desirable.
C) we cannot answer the major economic questions.
D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
Q:
Why does scarcity lead to the what, how, and for whom questions?
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B) How will health care be produced?
C) For whom will health care be produced?
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