Suppose that the banking system of Upperland has excess reserves of $50 million, the desired reserve ratio is 25 percent, and the currency drain ratio is 50 percent. By how much will the quantity of money increase? Select one:a. 100 million b. $50 million c. $12.5 million d. $25 million e. $37.5 million Suppose that a country’s government expenditures are $400 billion, net taxes are $300 billion, saving is $300 billion, and investment is $250 billion. This country has a government budget Select one: a. surplus and a private sector balance. b. surplus and a private sector surplus. c. deficit and a private sector surplus. d. surplus and a private sector deficit. e. deficit and a private sector deficit.
Suppose that the banking system of Upperland has
Select one:a. 100 million b. $50 million c. $12.5 million d. $25 million e. $37.5 million
Suppose that a country’s government expenditures are $400 billion, net taxes are $300 billion, saving is $300 billion, and investment is $250 billion. This country has a government budget
Select one: a. surplus and a private sector balance. b. surplus and a private sector surplus. c. deficit and a private sector surplus. d. surplus and a private sector deficit. e. deficit and a private sector deficit.
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