Reserves demanded varies
A. inversely with both prices and output.
B. inversely with prices and directly with output.
C. directly with prices and inversely with output.
D. directly with both prices and output.
Answer: D
Economics
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Other things constant, if there is an increase in the demand for goods now compared to goods in the future, we would expect that the
a. real interest rate would decline. b. capital investment rate would decline. c. current rate of saving would increase. d. real interest rate would rise.
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Italy should specialize in the production of
A. neither good and import both goods. B. cars and import boats. C. both goods and import neither good. D. boats and import cars.
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