Using the formula for an infinite sum, if "r" designates the reserve ratio, the 1 / reserve ratio would equal

A) (1 - r). B) 1 / (1 - r). C) r / (1 - r). D) 1 / [1 - (1 - r)].


D

Economics

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Consider a small open economy in equilibrium with a zero current account balance. What happens to national saving, investment, and the current account balance in equilibrium if

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An equilibrium price is unaffected by nonprice factors

a. True b. False Indicate whether the statement is true or false

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Answer the following statement true (T) or false (F)

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