Isabel receives a check for $7,000 from Kermit and deposits it in her bank. Suppose that the reserve ratio is 10 percent. As a result of this transaction the money supply will
A) decrease by $63,000 and then increase by $70,000.
B) increase by $70,000.
C) decrease by $70,000 and then increase by $63,000.
D) not change.
D
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Refer to Table 13-2. What is the marginal profit from producing and selling the 5th case?
A) $275 B) $145 C) $35 D) $20
Autonomous consumption spending is consumption spending:
a. that is dependent on changes in disposable income. b. on durable goods. c. that causes the MPC to rise. d. that is independent of the level of disposable income. e. that causes the MPC to fall.
When a person responds to a neutral stimulus ________ is being used.
a. classical conditioning b. operant conditioning c. extrinsic reinforcer d. intrinsic reinforcer
What happens to total revenue if price increases and demand is inelastic? Why?
What will be an ideal response?