Suppose a bank has $1,000 in deposits and $100 in reserves. If the desired reserve ratio is 5 percent, how much can this bank increase its loans?
A) $80 B) $0 C) $100 D) $400 E) $50
E
Economics
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The United Automobile Workers union can select the most favorable point on the demand curve for labor and the auto manufacturing companies can do nothing in response
a. True b. False Indicate whether the statement is true or false
Economics
Refer to the below table. The marginal revenue product of the third unit of resource is:
A. $4
B. $8
C. $18
D. $72
Economics