If the entire banking system has total deposits of $4 billion and a reserve requirement of 5 percent, then the maximum possible amount of loans that the banking system can make equals $2 million
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If absolute PPP held, then the real exchange rate must be equal to
A) a constant. B) one. C) zero. D) a positive number.
Economics
The above figure shows the reaction functions for two pizza shops in a small isolated town. The perfect competitive outcome is that
A) each firm produces 40 pizzas. B) each firm produces 50 pizzas. C) the firms split the production of 200 pizzas. D) each firm produces 200 pizzas.
Economics
In the market for oranges, availability of substitutes limits a single seller's power over price
Indicate whether the statement is true or false
Economics
Figure 4-4
In Figure 4-4, an increase in population will change demand from
A. D1to D2. B. D2to D1. C. D3to D2. D. D3to D1.
Economics