If your bank receives a demand deposit of $20,000 and the banking system makes the maximum possible loans, which is $60,000 . then the potential money multiplier must be

Which of the following was NOT a factor in Japan's post-World War II economic success?

a. a high rate of investment b. a well-educated workforce c. a high rate of natural resource discovery d. a high rate of technological adoption

If a firm in a perfectly competitive market raises its price

A) it will sell more products. B) it will sell fewer products. C) its sales will remain unchanged. D) it will sell nothing.