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Maru [420]
3 years ago
9

If the M1 multiplier is 3 and the Fed engages in open-market sales in the amount of $3 billion, then M1 will Group of answer cho

ices increase by $3 billion. decline by $9 billion. decline by $3 billion. increase by $9 billion.
Business
1 answer:
vladimir1956 [14]3 years ago
7 0

Answer:

increase by $9 billion.

Explanation:

If the M1 multiplier is 3 and the Fed engages in open-market sales in the amount of $3 billion, then M1 will increase by $9 billion.

The ratio of money supply to monetary base is called the money multiplier.

<u>The money-multiplier process explains how an increase in the monetary base causes the money supply to increase by a multiplied amount</u>

Hence in the Scenario, the money supply 9 billion because $3 billion (monetary base) x 3 (money multiplier) = $9billion

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The answer choice which represents a bait-and-switch scam is Choice B; Mike decides to complain to the Better Business Bureau after a store advertises “everything in this store is $5 or less” but discovers the store charges a $2 fee for credit card purchases under $66.

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Bait and switch is a morally suspect sales tactic that lures customers in with specific claims about the quality or low prices on items that turn out to be unavailable in order to upsell them on a similar, pricier item. It is simply considered a form of retail sales fraud, though it takes place in other contexts.

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Answer:

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4 years ago
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A manufacturing process requires small amounts of glue. the glue used in the production process is classified as an indirect material.

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<h3>What does the opportunity cost?</h3>

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