If the slope of a curve is 1/3, we know that
A. the relationship is non-linear, and the line moves from lower left to upper right.
B. the relationship is linear, and the line moves from upper left to lower right.
C. the relationship is linear, and the line moves from lower left to upper right.
D. the relationship is non-linear, and the line moves from upper left to lower right.
Answer: C
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One way that government can encourage the production of goods or services that have external benefits is to subsidize the good or service
Indicate whether the statement is true or false
Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, one million dollars in required reserves, and faces a required reserve ratio of ten percent
Given this information, we can say First National Bank has ________ million dollars in excess reserves. A) one B) two C) nine D) ten
If the required reserve ratio is 20 percent and a bank has $100,000 in checkable deposits, then its: a. required reserves are $500,000. b. required reserves are $20,000. c. assets are $500,000
d. liabilities are $500,000. e. net worth is $500,000.
A situation where quantity demanded exceeds quantity supplied is called a(n) ______.
a. substitution b. equilibrium c. shortage d. surplus