Price elasticities tend to be higher, the greater the number of substitutes

What are the largest asset and the largest liability of a typical bank?

A. Loans of the largest assets and deposits are the largest liability of a typical bank B. Reserves are the largest asset and deposits are the largest liability of a typical bank C. Loans of the largest liability and deposits are the largest asset of a typical bank

One of the potential problems with the public debt is that it may:

A. make income distribution more equitable. B. lead to added taxes that reduce economic incentives. C. decrease interest rates and increase investment spending. D. increase the debt burden of foreign creditors.