Multiple Choice
In 1991,the Federal Reserve lowered the reserve requirement ratio from 12 percent to 10 percent.Other things the same this should have
A) increased both the money multiplier and the money supply.
B) decreased both the money multiplier and the money supply.
C) increased the money multiplier and decreased the money supply.
D) decreased the money multiplier and increased the money supply.
Correct Answer:
Verified
Correct Answer:
Verified
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