According to the ______, the amount of a good or service wanted varies inversely (negatively) with its price, ceteris paribus.
a. equilibrium quality
b. equilibrium quantity
c. law of demand
d. law of supply
c. law of demand
Economics
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If a commercial bank is short of reserves, it can obtain funds by
a. recalling loans. b. borrowing from another commercial bank. c. borrowing from its Federal Reserve Bank. d. all of these methods.
Economics
Other things constant, what is the outcome of expansionary fiscal policies on employment, inflation, real output, and deficits in the short-run?
Economics
Economics is generally concerned with
a. the operation of banks and the stock market. b. business management. c. how resources are allocated among alternative goals. d. the right time to start a business.
Economics
Refer to Table 9-6. New loans made in Stage 1($C) amount to
A) $100. B) $200. C) $600. D) $800.
Economics