A rational decision maker does which of the following
2. You are given the following monetary and banking information: Bank deposits (D): 350, Currency-to-deposits ratio (c) :0.20 and Required reserve ratio (rr ) : 0.15. The monetary base level (B) in this economy is
You are given the following monetary and banking information: Bank deposits (D): 350, Currency-to-deposits ratio (c) :0.20 and Required reserve ratio (rr ) : 0.15. The monetary base level (B) in this economy is. The level of bank reserves (R) in this economy is
You are given the following monetary and banking information: Bank deposits (D): 350, Currency-to-deposits ratio (c) :0.20 and Required reserve ratio (rr ) : 0.15. The monetary base level (B) in this economy is. The money supply level (M) in this economy is
You are given the following monetary and banking information: Bank deposits (D): 350, Currency-to-deposits ratio (c) :0.20 and Required reserve ratio (rr ) : 0.15. The monetary base level (B) in this economy is. Suppose there is a sudden rise in the currency -to-deposits ratio, from the original level of 0.2 to a new level of 0.4. If everything else remains unchanged, find the level of monetary base needed to keep money supply fixed at the level you solved for in part c. then Answer is
6. You are given the following monetary and banking information: Bank deposits (D): 350, Currency-to-deposits ratio (c) :0.20 and Required reserve ratio (rr ) : 0.15. The monetary base level (B) in this economy is. Continue to consider c=0.4. Find the level of required reserve ratio needed to keep the monetary base and the money supply fixed a t the level you solved or in parts a and c, respectively. Then answer is
Economists generally believe that making assumptions is
Comparative advantage is based on
The skills, training, and education possessed by workers that contribute to economic growth are known as
UMWIZA's disposable income increases by RWF1,000, and she spends RWF600 of it then UMWIZA’s
If demand is price inelastic, then
If a country sold more goods and services to the rest of the world than it purchased from the other countries, then the country has a
List down the axiom of rational choice
Real GDP is nominal GDP adjusted for
RUGAMZU, who is 55 years old and has been a steelworker for 30 years, is unemployed because the steel plant in his town closed and moved to Rwanda. Jean is experiencing
The marginal propensity to consume is
The money demand curve is
If technology advances, then
Long-run economic growth has been mostly dependent on
Banks create money when they
The marginal propensity to consume is
The money demand curve is
Changing the level of government spending is an example of
