Blue Skies Bank has a required reserve ratio of 18 percent. If it receives a deposit of $80,000, it must keep ______ of it in reserve.
a. $4,444
b. $18,000
c. $65,600
d. $14,400
d. $14,400
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The ________ is a theory of the balance of trade that emphasizes how domestic spending on domestic goods changes relative to domestic output
A) absorption approach B) monetary approach C) pass-through analysis D) elasticities approach
For an inferior good:
a. the income elasticity is positive. b. the income elasticity if negative. c. the income elasticity is zero. d. the income elasticity is unity.
As you move down the production possibility frontier, the absolute value of the marginal rate of transformation
A. increases. B. initially decreases, then increases. C. decreases. D. initially increases, then decreases.
Which would be the best economic measure to compare standards of living among nations over time?
What will be an ideal response?