The income elasticity of demand is ________ if the good is ________ good
A) positive; a normal
B) positive; an inferior
C) negative; a normal
D) less than one; an inferior
E) positive; a substitute
A
Economics
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Thinking as an economist would, which is TRUE of investment?
A) Investment is putting money into stocks and bonds. B) Investment is a stock concept. C) Investment represents spending on capital goods. D) It is the portion of disposable income that is not used for consumption or saving.
Economics
Suppose that the reserve ratio is 5 percent. A bank's customer deposits into her account $100,000 in funds from a check written on an account at another bank. The maximum potential increase in the money supply resulting from this transaction is equal to
A. $20,000,000. B. $100,000. C. $0. D. $5,000.
Economics