Without usury laws interest rates would be _____________________.
Fill in the blank(s) with the appropriate word(s).
higher
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Every dollar added to the total reserves of the commercial banking system
A) compels the banks to reduce their loans by more than a dollar. B) compels the banks to expand their loans by more than a dollar. C) enables the banks to expand their loans by more than a dollar. D) enables the banks to expand their loans by one dollar. E) is one less dollar in the hands of the public.
Flexible exchange rates, proving to be much ________ volatile than economists predicted, have led to ________ calls for a return to fixed exchange rates
A) less, few B) less, many C) more, few D) more, many
A Nash Equilibrium always results in the highest total profit for the firms in an oligopoly market
a. True b. False Indicate whether the statement is true or false
A tariff is a tax on imports imposed by the country that is importing the goods.
Answer the following statement true (T) or false (F)