A nation with cheap, efficient communications is likely to be...
What will be an ideal response?
richer, ceteris paribus, because transaction costs will be lower and trade greater
Economics
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The fraction of deposits that banks are required to keep is known as the
A) discount rate. B) required reserve ratio. C) deposit multiplier. D) money multiplier.
Economics
In an indifference curve/budget line diagram, generally when the price of a good increases, the consumer purchases ________ of the good and moves to a ________ indifference curve
A) less; lower B) less; higher C) more; lower D) more; higher
Economics