If the reserve ratio is 0.3 and a deposit of $1,000 is made to the bank, the bank can lend out $700
Indicate whether the statement is true or false
TRUE
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Which area in the above figure shows the consumer surplus at the price and quantity that would be set by a single-price monopoly?
A) A + B B) A + B + C + D + E C) C + D D) C + D + E + F + G + H
The dual nature of most developing countries implies that:
A. their financial sectors are not integrated into Western financial markets. B. only a portion of their financial sectors are integrated into Western financial markets. C. their financial sectors are similar to Western financial markets. D. their financial sectors are fully integrated into Western financial markets.
When ________ substitutes exist, a firm in an imperfectly competitive industry has ________ power to raise price.
A. no; infinite B. more; less C. more; more D. fewer; less
Which of the following equations represents the saving schedule implicit in the given data?
Answer the question on the basis of the following data:
A. S = C - Y d .
B. S = 40 + .4Y d .
C. S = 40 + .6Y d .
D. S = -40 + .4Y d .