Define the marginal propensity to import
What will be an ideal response?
The marginal propensity to import is the fraction of additional income that is spent on imported goods and services.
Economics
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Suppose University Bank has zero excess reserves. If the required reserve ratio decreases, the
A. Bank's assets will increase. B. Money multiplier will decrease. C. Bank will be able to make more loans. D. Bank will not have enough required reserves.
Economics
Each of these is true at equilibrium EXCEPT that
A. quantity demanded is equal to quantity supplied. B. the buyers can buy as much as they want at the market price. C. the sellers can sell as much as they want at the market price. D. All of these statements are true at equilibrium.
Economics