Reserve ratio is 10% and a bank receive a new checkable deposit 1,000
What will be an ideal response?
Require to increase by 100
(1,000 * 10% = 100)
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Without any restrictions in a perfectly competitive market, if there is a sudden rightward shift in the demand for a good:
A) sellers of the good will increase the supply of the good at the same price. B) sellers of the good will increase the quantity of the good supplied in the market. C) sellers of the good will decrease the supply of the good at the same price. D) sellers of the good will decrease the quantity supplied.
If an increase in investment spending of $50 million results in a $400 million increase in equilibrium real GDP, then
A) the multiplier is 0.125. B) the multiplier is 3.5. C) the multiplier is 8. D) the multiplier is 50.
Refer to above figure. In the absence of trade, how many Widgets does this country consume?
What will be an ideal response?
How do the three basic economic questions relate to the firm?
What will be an ideal response?