If the reserve ratio is 4 percent, the money multiplier is equal to 25
Indicate whether the statement is true or false
TRUE
Economics
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The firm's production function is the relationship between the ________ and ________
A) output produced; the quantities of all inputs B) maximum output attainable; the quantity of variable inputs C) possible range of maximum output; the quantity of variable inputs D) maximum output attainable; the quantities of both labor and capital
Economics
How does the tax wedge influence potential GDP?
What will be an ideal response?
Economics