With fixed exchange rates, perfect asset substitutability, and perfect capital mobility

A) the LM curve is horizontal.
B) the LM curve is vertical.
C) the BP curve is horizontal.
D) the BP curve is vertical.

C

Economics

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Banks keep ________ of deposits as reserves because on a typical day withdrawals are ________ deposits

A) more than 100%; much greater than B) exactly 100%; about the same as C) less than 100%; about the same as D) less than 100%; much greater than

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What does a firm's short-run total product curve show and what is its significance?

What will be an ideal response?

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