If soft drink brands are close substitutes for each other, this implies that the price elasticity for individual brands would be low.
Answer the following statement true (T) or false (F)
False
Economics
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Bank reserves include
A) vault cash and deposits with the Federal Reserve. B) loans to bank customers and deposits with the Federal Reserve. C) vault cash and loans to bank customers. D) customer checking accounts and vault cash.
Economics
Why do policymakers sometimes use policies to limit growth?
What will be an ideal response?
Economics
Crowding out is important only in the classical model
a. True b. False
Economics
If a good is inferior, then an increase in income will result in a(n)
a. increase in the demand for the good. b. decrease in the demand for the good. c. movement down and to the right along the demand curve for the good. d. movement up and to the left along the demand curve for the good.
Economics