Railroad construction in the late 19th century:
a. added little to economic fluctuations.
b. strongly influenced capital formation.
c. caused the three major financial crisis of that era.
d. All of the above are correct.
e. Only b and c are correct.
b. strongly influenced capital formation.
Economics
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When the price of a CD is $13 per CD, 39,000,000 CDs per year are supplied. When the price is $15 per CD, 41,000,000 CDs per year are supplied. What is the elasticity of supply for CDs?
A) 2.86 B) 0.35 C) 0.14 D) 0.05
Economics
The most profitable way for a bank to maintain the minimum required reserves is to hold large amounts of excess reserves.
Answer the following statement true (T) or false (F)
Economics