Bank of the Gulf has a required reserve ratio of 10 percent. It receives $180,000 in new deposits and then loans the excess reserves from this deposit to Kayla, who is building a new greenhouse. Kayla deposits the money into her checking account at Vulcan Bank until she needs it. How much money has Bank of the Gulf created?

The cost of producing an additional unit of a good or service that falls on people other than the producer is

A) the marginal cost. B) represented by the demand curve. C) represented by the supply curve. D) the marginal external cost. E) the marginal social cost.

Requiring cars in Chicago to reduce pollution by the same amount as cars in Topeka is efficient

a. True b. False Indicate whether the statement is true or false