A dollar of new excess reserves supplied to the banking system enables the system to create
What will be an ideal response?
more than a dollar of new money.
Economics
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Josh mows lawns. If the demand for lawn-mowing service is elastic and Josh wants to increase his total revenue, he should
a. increase the price of his lawn-mowing service. b. decrease the price of his lawn-mowing service. c. reduce the costs of operating his lawn-mowing service. d. More than one of the above is correct.
Economics
“In practice the antitrust laws deal more with oligopolies than with pure monopolies.” Is this true?
What will be an ideal response?
Economics