Saving represents
A) a source of funds for business investment.
B) a normal part of the circular flow of income and output.
C) an injection to the circular flow of income and output.
D) a counter-example to Say's law that the classical economists never considered.
A
Economics
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Refer to Figure 10.1. If Daisy does not contribute to the lighting, Luke should
A) contribute if Bo contributes. B) not contribute only if Bo does not contribute. C) not contribute regardless of what Bo decides to do. D) contribute if Bo does not contribute.
Economics
In a fractional reserve banking system with no currency where res is the ratio of reserves to deposits, the money multiplier is
A) 1 - res. B) 1 + res. C) 1/res. D) res2
Economics