If original excess reserves are $10 million, and if the potential change in demand deposits is $153 million, then the demand deposit expansion multiplier is

What factor has the greatest influence on elasticity and inelasticity of supply?

a. profit b. labor c. time d. financing

In response to an increase in the wage rate, the income effect will usually cause a person to

A) supply fewer hours of labor. B) supply more hours of labor. C) supply the same hours of labor. D) have a horizontal labor supply curve.