90)The spending multiplier equals...

a.1 / (1 - the slope of the aggregate expenditure curve).

b.The slope of the aggregate expenditure curve.

c.1 - the slope of the aggregate expenditure curve.

d.Aggregate expenditure / autonomous expenditure.

91)Vault money is another name for...

a.The money supply..

b.Bank reserves.

c.Legal tender.

d.Token money..

92)If banks have a desired reserve ratio of 20 percent and do not hold excess reserves, then a $1000 initial deposit will create _____ of total deposits.

a.$200

b.$5,000

c.$20,000

d.$50