Say that a consumer's income elasticity of demand over the relevant range is equal to 2 . When she has a monthly income of $2,000, she spends $600 on food. If her monthly income rose to $4,000, how much would she spend on food?
a. $900

A mixed economy cannot exist without a politically free society

a. True b. False Indicate whether the statement is true or false

Total reserve holdings over and above required reserves constitute the minimum amount of loans a depository institution can make

a. True b. False Indicate whether the statement is true or false