In the United States the assignment of tasks and distribution of benefits
A) is determined by business firms.
B) is determined democratically.
C) is negotiated among potential buyers and potential sellers.
D) leaves all parties free to do as they prefer.
E) rests upon the principle of consumer sovereignty.
C
Economics
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Suppose you deposit $2,000 into Bank of America and that the required reserve ratio is 10 percent. How does this affect the bank's balance sheet?
A) Required reserves rise by $2,000. B) Excess reserves rise by $1,800. C) Reserves rise by $200. D) Deposits rise by $1,000.
Economics
Potential GDP is always greater than real GDP in an economy
Indicate whether the statement is true or false
Economics