Money is created through the banking processes of taking deposits and making loans if
A) the banks require individual depositors to hold "reserves."
B) the banks require individual borrowers to hold "reserves."
C) paper deposit receipts are not acceptable means of payment.
D) paper deposit receipts are accepted as a means of payment.
D
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As the baby boomers begin moving into the retirement phase of life during the years following 2010, spending on Social Security and Medicare will
What will be an ideal response?
Figure 6.5 shows the short-run and long-run effects of an increase in demand of an industry. The market is in equilibrium at point A, where 100 identical firms produce 6 units of a product per hour. If the market demand curve shifts to the right, what has happened to an individual firm's output level at point B?
A. Each firm produces two more units per hour. B. Each firm produces relatively smaller level of output as more firms enter the market. C. Each firm will produce the same level of output. D. None of these
Refer to the information provided in Figure 6.8 below to answer the question(s) that follow.
Figure 6.8Refer to Figure 6.8. The marginal utility of the fourth movie rental is
A. 0. B. 3. C. 25. D. 28.
The bottom 80 percent of families in Alpha receive approximately what percentage of total income? (See Figure 33.1.)
A. 60 percent. B. 80 percent. C. 50 percent. D. 40 percent.