Assuming all excess reserves are loaned out, currency holdings by the public are zero, and a reserve ratio of 5 percent, an initial deposit of $10,000 will lead to a total increase in deposits of
A) $500. B) $10,000. C) $50,000. D) $200,000.
D
Economics
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One reason why the demand for gasoline is inelastic is because
A) substitutes for gas abound. B) substitutes for gas are hard to find. C) gasoline is a luxury item. D) people have a long time to shop around for automobiles that use less gas. E) buses run on diesel fuel rather than gasoline.
Economics
Why is income and wealth typically used as a measure of the "distribution of economic well being" rather than utility
What will be an ideal response?
Economics