Based on this graph, since 1980, national debt has ______.



a. levelled off

b. risen substantially

c. fallen substantially

d. been unusually low

b. risen substantially

Economics

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Suppose Carly Fiorina deposits $15 million cash from her safe deposit box into her checking account at PNC Bank. If the required reserve ratio is 10%, what is the maximum change in the money supply?

A) $1.5 million B) $15 million C) $135 million D) $150 million

Economics

The choice of a good is path dependent when

A) consumers get utility from consuming goods that others are consuming, such as restaurants. B) the first technology that was adopted has an advantage over a better technology that came later. C) people who move location follow the path of people who moved before them. D) it can only be used in one way.

Economics