The reserve ratio is a bank's reserves as a fraction of its
What will be an ideal response?
total deposits
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Refer to Figure 6-12. The diagram shows two supply curves, SA and SB. As price rises from P0 to P1, which supply curve is more elastic?
A) They are equally inelastic. B) SB C) They are equally elastic. D) SA
In the aggregate expenditures model, if an economy operates above equilibrium GDP, there will be:
a. unplanned inventory depletion. b. an increase in GDP. c. a decrease in employment. d. an increase in employment.
Suppose you earn $50 a week at your job. You like to go to movies and have dinner with friends. Movies cost $15 each and dinner is $20 each time you eat out. Which of the following combinations is attainable given your weekly budget?
A. 2 dinners and 2 movies B. 4 movies C. 2 movies and 1 dinner D. 3 dinners
Changes in taste and preference refer to changes in
A) Composition of the population. B) Attitudes toward food safety. C) Attitudes toward nutrition and health. D) All of the above.