The cross elasticity between computers and software is
A) negative because they are substitutes.
B) positive because they are substitutes.
C) negative because they are complements.
D) positive because they are complements.
E) positive because they are normal goods.
C
Economics
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If your bank receives a demand deposit of $4,000 and the legal reserve requirement is 20 percent, then it can make additional loans of
a. $800 b. $3,200 c. $4,000 d. $16,000 e. $20,000
Economics
Monetarists claim that the financial crisis and resulting 2007-2009 recession were caused largely by:
A. monetary policy that was too loose for too long. B. monetary policy that was too tight for too long. C. unexpected changes in the velocity of money. D. declines in business and consumer confidence.
Economics