Suppose you found $10,000 hidden under a rock and deposited it in a demand deposit account at your bank. If the reserve requirement was 20 percent, your deposit would initially add ____ to total demand deposits and over time increase the money supply by a maximum of ____
a. $2,000; $4,000
b. $2,000; $40,000
c. $10,000; $40,000
d. $10,000; $50,000
d
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The marginal product of land depends on the quantity of land that is available
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT part of the European Union?
A) Luxembourg B) Austria C) Portugal D) Greece E) Switzerland
To compare the price of a loaf of bread produced in 1993 with the price of a loaf produced in this year, you should compare the value of the bread in
A) CPI quantity. B) real quantity. C) nominal prices. D) nominal quantity. E) real prices.
The following are the sales achieved by Jensen Fabrics during the last 7 years:
2007 $116,000 2008 124,000 2009 127,000 2010 146,000 2011 155,000 2012 154,000 2013 162,000 Using the compound growth rate calculation, what would be your estimate for sales in 2014?