The required reserve ratio is the
A. Fraction of loans to shareholders equity.
B. Highest level of interest rates that can legally be charged to borrowers.
C. Fraction of total deposits banks must hold.
D. Fraction of deposits that banks can lend out.
Answer: C
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The nature of employer liability changed in the 19th century through judicial instrumentalism and had what effect?
(a) Reducing the risks and the costs of business, making business enterprise more daring and profitable than it would have been otherwise. (b) Increasing the risks and the costs of business, making business enterprise more daring and profitable than it would otherwise have been. (c) Continuing the older doctrine that employers could be found guilty of contributory negligence, thus increasing the employer's liability for worker injury. (d) None of the above were effects of the changes to the nature of employer liability.
In any year, nominal GDP divided by the GDP chain price index equals real GDP
a. True b. False Indicate whether the statement is true or false
If the AS curve is upward-sloping, the government alone should raise its purchases by the amount of the AD shortfall in order to reach full-employment equilibrium.
Answer the following statement true (T) or false (F)
When companies sell slightly different forms of a product to different groups of customers, this is known as
A. versioning. B. editions. C. market testing. D. adaptations.