Suppose the reserve requirement ratio is 20 percent. Assuming no bank holds excess reserves and nobody withdraws cash, a $10,000 injection of new reserves by the Fed can create:
a. $2,000 in new checkable deposits

In the above figure, at the best affordable point, the marginal rate of substitution is

A) 0.5 of a hamburger per magazine. B) 1 hamburger per magazine. C) 1.33 hamburgers per magazine. D) 8 hamburgers per magazine.

Technology spillovers: a. Can be reduced by way of patents

b. Can lead to clustering of technology firms near one another. c. Are examples of positive externalities. d. All of the above are true.