Which of the following would cause the quantity of wheat bread demanded to increase, but not the demand for wheat?
a. a reduction in the price of rye, used to produce rye bread
b. a new scientific study demonstrating that wheat bread reduces the risk of colon cancer
c. a decrease in the price of rye bread
d. an increase in the number of farmers growing wheat
d
Economics
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Suppose the required reserve ratio was 10% and then it increased to 20%. This would
a) result in a drop in the money multiplier from 10 to 5. b) increase the amount of excess reserves available. c) result in an increase in the money multiplier from 5 to 10. d) have no impact on the money multiplier.
Economics
Refer to Figure 24-3. Which of the points in the above graph are possible long-run equilibria?
A) A and B B) A and C C) A and D D) B and D
Economics