Assume that excess reserves are $10 million, the required reserve ratio is 10 percent, and total reserves are $145 million. Demand deposits are

A congested street is ________ in consumption

A) excludable and rival B) non-excludable but rival C) excludable but non-rival D) non-excludable and non-rival

North (1974) finds evidence to suggest that the iron industry was equally dependent on the railroad and iron stove industries for sales revenue at one point in time

Indicate whether the statement is true or false