The formula for determining changes in demand deposits is the reciprocal of the required reserve ratio (i.e., 1/RRR) multiplied by the change in reserves
a. True
b. False
A
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Kinks in budget constraints always produce non-convexities in choice sets.
Answer the following statement true (T) or false (F)
Refer to Table 19-5. The value added by the automobile dealer equals
A) $7,000. B) $15,000. C) $18,000. D) $25,000.
A sudden expectation of future appreciation of the dollar causes funds to flow __________ the United States and the dollar to actually __________
A) out of; depreciate B) out of; appreciate C) into; depreciate D) into; appreciate
Which statement best describes the South's economic experience from 1880-1900?
a. All regions of the South declined in per capita personal income, and LA, GA, AL, SC, and MS experienced the greatest declines in per capita personal income. b. Every region in the South experienced growth, and LA, GA, AL, SC, and MS experienced the slowest growth rate of per capita personal income. c. Every region in the South experienced growth, and LA, GA, AL, SC, and MS experienced the fastest growth rate of per capita personal income. d. All regions of the South declined in per capita personal income, and LA, GA, AL, SC, and MS experienced the slowest declines in per capita personal income.