If the amount of high-powered money were 100 and the bank reserve holding ratio was 0.25 then the maximum stock of deposits would be (assume that citizens prefer to keep 10% of their money as cash)

Refer to Table 3-4. The table above shows the demand schedules for cashews of two individuals (Jordy and Amy) and the rest of the market. At a price of $10, the quantity demanded in the market would be

A) 2 lbs. B) 48 lbs. C) 50 lbs D) 52 lbs.

Any output combination outside a production possibilities frontier is associated with unused or

underutilized resources. Indicate whether the statement is true or false