The cross elasticity between two substitutes is always positive
Indicate whether the statement is true or false
T
Economics
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The percentage of a bank's total deposits held in reserves, either as cash in the vault or as deposits at the local Federal Reserve bank, is:
a) the reserve ratio. b) the reserve requirement. c) excess reserves. d) the money ratio.
Economics
Refer to Scenario 10.9. At the profit maximizing level of output, what is the deadweight loss?
A) 0 B) 450 C) 900 D) 1,800 E) none of the above
Economics