The New Deal allowed the federal government to reorganize and pursue economic planning

A perfectly elastic demand function

A) shows that a consumer is willing to pay any amount for the product. B) is characteristic of an individual firm operating in a perfectly competitive market. C) shows that the individual firm can increase sales by lowering the price of output. D) has a marginal revenue that is always decreasing.

Explain the multiple expansion process and detail a multiple expansion scenario that features at least three deposits. Be sure to provide exact numbers for each step and note the total amount of new money created from the initial deposit.

What will be an ideal response?