Refer to Scenario 14-2. As a result of Kristy's deposit, Bank A's required reserves increase by
A) $2,000. B) $8,000. C) $10,000. D) $50,000.
A
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A change in the price level will cause a shift in the expenditure schedule.
Answer the following statement true (T) or false (F)
_________________ economics focuses on facts and cause-and-effect relationships.
Fill in the blank(s) with the appropriate word(s).
The 1982 debt crisis was caused in part by
A. rising commodity prices. B. falling developing country exports and high real interest rates. C. falling world interest rates. D. a rapid increase in cheap imports from developing countries.
Many people tend to buy multiple cars from the same manufacturer because
A) doing so reduces the asymmetric information problem; consumers have better knowledge of quality. B) doing so reduces the asymmetric information problem; consumers have better knowledge of prices. C) doing so doesn't change the asymmetric information problem but consumers have more information. D) doing so increases the consumers brand loyalty.