An increase in the monetary base that goes into ________ is not multiplied, while an increase that goes into ________ is multiplied

A) deposits; currency
B) excess reserves; currency
C) currency; excess reserves
D) currency; deposits

D

Economics

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Say a consumer is choosing between wine and cheese. The price of wine is 10 and the price of cheese is 5. If the marginal rate of substitution is 4, and if wine is on the horizontal axis and cheese is on the vertical axis then the consumer is purchasing

A. too much wine. B. purchasing more than what her income would allow. C. just the right amount of both goods. D. too much cheese.

Economics

To obtain economic profits we start with accounting profits and subtract ___________.

Fill in the blank(s) with the appropriate word(s).

Economics