The position of the Keynesian aggregate demand schedule does not depend on the
a. level of government spending.
b. level of tax collections.
c. level of autonomous investment expenditures.
d. quantity of money.
e. the price of inputs such as oil.
E
Economics
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Suppose a bank is exactly meeting its desired reserve ratio of 10 percent and a new deposit of $75,000 is made. Immediately after the deposit is made, the bank's excess reserves equal
A) zero. B) $7,500. C) $67,500. D) It is impossible to determine without additional information.
Economics
David Ricardo used the example of land to demonstrate the concept of rent, as the supply of land is
A) perfectly elastic. B) relatively elastic. C) perfectly inelastic. D) negatively sloped.
Economics