Substitutes are pairs of goods that have a positive cross-price elasticity of demand
a. True
b. False
A
Economics
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Assuming all excess reserves are loaned out, if the reserve ratio is 3.33 percent, the money multiplier will be equal to
A) 0.67. B) 3.33. C) 6.67. D) 30.
Economics
What is the difference between savings and investment?
What will be an ideal response?
Economics
Which of the following problems are created by an information asymmetry
a. Moral hazard b. Adverse selection c. Both of the above d. None of the above
Economics
For a country with a fixed exchange rate and no sterilization: When the FE curve is flatter than the LM curve, a negative domestic spending shock to the IS curve creates a balance of payments deficit, which then causes the LM curve to shift to the left.
Answer the following statement true (T) or false (F)
Economics