Adam Smith noted that people are adept at pursuing their own self-interests, and that ____ harnesses this self-interest remarkably well

If a bank has $100,000 in demand deposits, reserves of $20,000 . and no excess reserves, then the legal reserve requirement is

a. 10 percent b. 20 percent c. 25 percent d. 30 percent e. 50 percent

The amount of unemployment that arises because workers are temporarily between jobs or new entrants to the labor force is known as

a. structural unemployment. b. cyclical unemployment. c. frictional unemployment. d. induced unemployment.