According to economists, competition exists because of
A) scarcity.
B) capitalism.
C) money.
D) unintended effects.
A
Economics
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The money multiplier _______
A. increases if banks increase their desired reserve ratio B. increases if the currency drain ratio increases C. is 1 if the desired reserve ratio equals the currency drain ratio D. decreases if banks increase their desired reserve ratio
Economics
Carefully explain the difference between diseconomies of scale and diminishing returns
What will be an ideal response?
Economics